UBS Group AG Sells 75,018 Shares of Crown Holdings, Inc. (NYSE:CCK)

UBS Group AG cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 40.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,821 shares of the industrial products company’s stock after selling 75,018 shares during the quarter. UBS Group AG owned about 0.08% of Crown worth $6,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in Crown by 53.2% in the second quarter. Rockefeller Capital Management L.P. now owns 691 shares of the industrial products company’s stock worth $42,000 after buying an additional 240 shares during the last quarter. Investors Research Corp lifted its position in shares of Crown by 12.2% during the second quarter. Investors Research Corp now owns 2,300 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 250 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Crown by 7.3% during the second quarter. Advisor Group Inc. now owns 3,759 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 257 shares during the last quarter. Machina Capital S.A.S. lifted its position in shares of Crown by 19.5% during the second quarter. Machina Capital S.A.S. now owns 2,141 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 350 shares during the last quarter. Finally, First Personal Financial Services lifted its position in shares of Crown by 73.7% during the second quarter. First Personal Financial Services now owns 1,002 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 96.17% of the company’s stock.

CCK stock opened at $62.63 on Friday. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.17 and a quick ratio of 0.66. The business has a 50-day moving average price of $64.57 and a 200 day moving average price of $61.05. The company has a market capitalization of $8.39 billion, a P/E ratio of 12.04, a PEG ratio of 1.74 and a beta of 1.55. Crown Holdings, Inc. has a 1-year low of $39.05 and a 1-year high of $68.84.

Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.03). The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. Crown had a net margin of 3.91% and a return on equity of 48.36%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 earnings per share. On average, analysts anticipate that Crown Holdings, Inc. will post 5.09 earnings per share for the current fiscal year.

Several analysts have recently weighed in on CCK shares. ValuEngine downgraded Crown from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Robert W. Baird reiterated an “outperform” rating and set a $75.00 target price (up from $65.00) on shares of Crown in a research report on Friday, September 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on Crown from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Citigroup set a $75.00 target price on Crown and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating and set a $67.00 target price for the company in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Crown presently has a consensus rating of “Buy” and a consensus price target of $66.60.

In related news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $67.92, for a total value of $679,200.00. Following the completion of the sale, the chief operating officer now directly owns 152,292 shares in the company, valued at $10,343,672.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Crown Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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