Cerebellum GP LLC grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 17.1% in the third quarter, Holdings Channel reports. The institutional investor owned 7,035 shares of the industrial products company’s stock after acquiring an additional 1,025 shares during the period. Cerebellum GP LLC’s holdings in Crown were worth $465,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in Crown by 53.2% during the second quarter. Rockefeller Capital Management L.P. now owns 691 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 240 shares during the last quarter. Investors Research Corp boosted its holdings in 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. boosted its holdings in 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. boosted its holdings in 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 boosted its holdings in 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 and hedge funds own 96.17% of the company’s stock.
CCK has been the topic of several analyst reports. Citigroup set a $75.00 price target on shares of Crown and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of Crown from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Robert W. Baird restated an “outperform” rating and set a $75.00 price target (up from $65.00) on shares of Crown in a report on Friday, September 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Crown from a “sell” rating to a “hold” rating and set a $67.00 price target on the stock in a report on Tuesday, September 10th. Finally, ValuEngine cut shares of Crown from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $66.60.
Shares of CCK stock opened at $64.15 on Friday. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.74 and a beta of 1.55. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.66 and a current ratio of 1.17. Crown Holdings, Inc. has a 52 week low of $39.05 and a 52 week high of $68.84. The firm’s 50-day simple moving average is $64.53 and its two-hundred day simple moving average is $61.10.
Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.03). The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. Crown had a return on equity of 48.36% and a net margin of 3.91%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 EPS. Analysts forecast that Crown Holdings, Inc. will post 5.09 earnings per share for the current year.
In other Crown news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $67.92, for a total value of $679,200.00. Following the sale, the chief operating officer now owns 152,292 shares of the company’s stock, valued at $10,343,672.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.
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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