Pinebridge Investments L.P. lessened its stake in Crown Holdings, Inc. (NYSE:CCK) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 230,727 shares of the industrial products company’s stock after selling 23,931 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.17% of Crown worth $12,978,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CCK. Toronto Dominion Bank raised its holdings 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 worth $102,000 after purchasing an additional 185 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings 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 worth $179,000 after purchasing an additional 863 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Crown in the 3rd quarter worth approximately $205,000. Oakbrook Investments LLC bought a new stake in shares of Crown in the 3rd quarter worth approximately $207,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Crown in the 3rd quarter worth approximately $223,000. 88.91% of the stock is currently owned by institutional investors.
CCK has been the topic of a number of research reports. KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Thursday, October 19th. Wells Fargo & Co lifted their price target on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays lifted their price target on shares of Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. UBS Group initiated coverage on shares of Crown in a report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, ValuEngine cut shares of Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.27.
Crown Holdings, Inc. (CCK) opened at $50.65 on Thursday. Crown Holdings, Inc. has a one year low of $50.16 and a one year high of $62.27. The firm has a market cap of $6,797.03, a P/E ratio of 12.53, a P/E/G ratio of 1.64 and a beta of 1.42. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60.
Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Crown had a net margin of 3.71% and a return on equity of 56.47%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business earned $0.71 EPS. Crown’s revenue was up 12.7% compared to the same quarter last year. equities analysts predict that Crown Holdings, Inc. will post 4.41 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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