Crown Castle Inc. $CCI Stake Decreased by Envestnet Asset Management Inc.
MarketBeat
Envestnet Asset Management Inc. reduced its stake in Crown Castle Inc. (NYSE:CCI) by 9.9% in the second quarter, selling over 100,000 shares but still retaining a significant holding worth approximately $69.7 million. Despite this decrease, institutional investors collectively own a substantial 90.77% of CCI, and the company recently beat earnings expectations. Analyst sentiment remains mixed, with a consensus "Hold" rating and an average price target of $94.37.
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