5 Best Stocks to Buy According to Charles Paquelet’s Skylands Capital

4. Crown Castle International Corp. (NYSE:CCI)

Skylands Capital’s Stake Value: $43,748,000

Percentage of Skylands Capital’s 13F Portfolio: 6.41%

Number of Hedge Fund Holders(Q1): 50

The number of hedge funds covered by us that held a stake in Crown Castle International Corp. (NYSE:CCI) at the end of March increased to 50 from 39 at the end of 2021. Among them, billionaire Ken Fisher’s Fisher Asset Management held the most number of shares of the company at 2.76 million, valued at close to $510 million at the end of the first quarter.

Crown Castle International Corp. (NYSE:CCI) is the second largest specialized REIT by market cap currently in the United States. It operates approximately 80,000 route miles of fiber and 40,000 cell towers across the country. On July 22, Deutsche Bank analyst Matthew Niknam increased his price target to $185 from $183 but maintained a “Hold” rating on the stock.