R Squared Ltd Invests $418,000 in Crown Holdings, Inc. (NYSE:CCK)

R Squared Ltd bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,050 shares of the industrial products company’s stock, valued at approximately $418,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Marshall & Sullivan Inc. WA boosted its holdings in shares of Crown by 0.3% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock valued at $4,735,000 after acquiring an additional 155 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Crown by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $894,000 after purchasing an additional 183 shares during the period. M&T Bank Corp raised its stake in shares of Crown by 3.8% during the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock valued at $481,000 after buying an additional 185 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Crown by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,190 shares of the industrial products company’s stock valued at $677,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

Shares of Crown stock opened at $88.81 on Wednesday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The business has a 50 day simple moving average of $86.25 and a two-hundred day simple moving average of $88.90. The stock has a market capitalization of $10.62 billion, a P/E ratio of 109.64, a PEG ratio of 1.68 and a beta of 0.86. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46.

Analysts Set New Price Targets

CCK has been the topic of several analyst reports. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Loop Capital lifted their target price on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Robert W. Baird increased their price target on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. StockNews.com cut shares of Crown from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup increased their target price on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.46.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.