Mondrian Investment Partners LTD reduced its stake in Crown Holdings, Inc. (NYSE:CCK) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,599,480 shares of the industrial products company’s stock after selling 6,739 shares during the quarter. Crown makes up approximately 2.2% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 11th biggest position. Mondrian Investment Partners LTD owned approximately 1.19% of Crown worth $89,971,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in Crown by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 185 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in 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 worth $179,000 after purchasing an additional 863 shares during the period. First Republic Investment Management Inc. bought a new position in Crown in the 3rd quarter worth $205,000. Oakbrook Investments LLC bought a new position in Crown in the 3rd quarter worth $207,000. Finally, ETRADE Capital Management LLC bought a new position in Crown in the 3rd quarter worth $223,000. 90.02% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Crown from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Vertical Research upgraded Crown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. KeyCorp reiterated a “hold” rating on shares of Crown in a research note on Tuesday, December 19th. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, UBS Group started coverage on Crown in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Crown currently has an average rating of “Hold” and a consensus price target of $64.27.
Shares of Crown Holdings, Inc. (NYSE CCK) traded down $0.52 during mid-day trading on Thursday, reaching $57.27. The company’s stock had a trading volume of 1,905,000 shares, compared to its average volume of 2,664,800. Crown Holdings, Inc. has a 1-year low of $51.76 and a 1-year high of $62.27. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. The stock has a market cap of $7,759.63, a price-to-earnings ratio of 16.36, a PEG ratio of 1.88 and a beta of 1.42.
Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.41. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. Crown had a return on equity of 60.44% and a net margin of 5.64%. Crown’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. equities analysts anticipate that Crown Holdings, Inc. will post 4.03 earnings per share for the current fiscal year.
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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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