AXA lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,200 shares of the industrial products company’s stock after buying an additional 16,000 shares during the quarter. AXA owned approximately 0.12% of Crown worth $9,746,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in shares of Crown by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 863 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of Crown in the 3rd quarter valued at about $205,000. Oakbrook Investments LLC purchased a new stake in Crown during the 3rd quarter valued at approximately $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in Crown during the 3rd quarter valued at approximately $223,000. 89.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Crown Holdings, Inc. (NYSE CCK) traded up $0.63 during trading hours on Friday, reaching $58.10. The company’s stock had a trading volume of 2,179,100 shares, compared to its average volume of 2,269,047. Crown Holdings, Inc. has a 52-week low of $51.76 and a 52-week high of $62.27. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. The firm has a market cap of $7,716.66, a PE ratio of 16.60, a PEG ratio of 1.87 and a beta of 1.42.
Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Crown had a return on equity of 60.44% and a net margin of 5.64%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. equities analysts anticipate that Crown Holdings, Inc. will post 4.03 EPS for the current year.
Several research firms have commented on CCK. Zacks Investment Research raised Crown from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, September 21st. Barclays increased their target price on Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Wells Fargo & Co increased their target price on Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of Crown in a research note on Thursday, October 19th. Finally, ValuEngine downgraded Crown from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $64.27.
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Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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