Cibc World Market Inc. Sells 476,790 Shares of Crown Castle Inc. $CCI
Cibc World Market Inc. significantly reduced its stake in Crown Castle Inc. (NYSE:CCI) by selling 476,790 shares, representing a 65.7% decrease in its holdings and leaving it with 248,645 shares valued at approximately $23.99 million. This move comes as analyst sentiment for Crown Castle is described as moderate, with some recent price target cuts and downgrades, resulting in a consensus "Hold" rating and an average price target of $100.61. Despite institutional investors owning a substantial 90.77% of the company's stock, Crown Castle's shares trade with a high P/E ratio of 85.31 and the stock has been impacted by recent analyst adjustments.
https://www.marketbeat.com/instant-alerts/filing-cibc-world-market-inc-sells-476790-shares-of-crown-castle-inc-cci-2026-02-12/