Washington Capital Management Inc. Invests $604,000 in Crown Holdings, Inc. (NYSE:CCK)

Washington Capital Management Inc. bought a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,300 shares of the industrial products company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the period. Covestor Ltd boosted its position in Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares during the period. Brooklyn Investment Group acquired a new position in shares of Crown in the third quarter valued at $44,000. Catalyst Capital Advisors LLC bought a new position in shares of Crown in the third quarter valued at about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Crown during the 3rd quarter worth about $55,000. Institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CCK. StockNews.com cut shares of Crown from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial increased their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective on Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Robert W. Baird lifted their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Barclays upped their price target on shares of Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.46.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Crown Stock Down 1.1 %

Shares of CCK opened at $87.83 on Thursday. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The firm has a 50 day simple moving average of $86.20 and a two-hundred day simple moving average of $88.89. 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 company has a market cap of $10.51 billion, a P/E ratio of 108.44, a P/E/G ratio of 1.68 and a beta of 0.86.

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.