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Crown Castle Inc. $CCI Shares Sold by Tobam
Tobam recently reduced its stake in Crown Castle Inc. (NYSE:CCI) by 43.9% in Q3, selling 13,748 shares and retaining 17,564 shares valued at approximately $1.695 million. This divestment comes as several brokerages have lowered their price targets for Crown Castle, which currently holds a consensus “Hold” rating and a target price of $100.61. The U.S. communications-infrastructure REIT, trading near $90.55, specializes in 4G/5G infrastructure including towers, small cells, and fiber.