Crown Holdings, Inc. (CCK) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 329.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,452 shares of the industrial products company’s stock after purchasing an additional 35,635 shares during the quarter. Teacher Retirement System of Texas’ holdings in Crown were worth $2,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in shares of Crown by 2.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,110,252 shares of the industrial products company’s stock valued at $245,464,000 after purchasing an additional 105,104 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Crown by 1.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,080,675 shares of the industrial products company’s stock valued at $124,258,000 after acquiring an additional 38,310 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Crown by 17.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock valued at $124,157,000 after acquiring an additional 302,595 shares during the period. LSV Asset Management raised its stake in shares of Crown by 506.5% in the 4th quarter. LSV Asset Management now owns 1,069,908 shares of the industrial products company’s stock valued at $60,182,000 after acquiring an additional 893,500 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Crown by 283.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 726,995 shares of the industrial products company’s stock valued at $43,416,000 after acquiring an additional 537,416 shares during the period. Institutional investors own 83.97% of the company’s stock.

A number of equities analysts have recently commented on the stock. TheStreet downgraded shares of Crown from a “b” rating to a “c” rating in a research note on Thursday, February 8th. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Vertical Research raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.70.

Shares of Crown Holdings, Inc. (CCK) opened at $50.58 on Wednesday. Crown Holdings, Inc. has a one year low of $50.16 and a one year high of $62.27. The stock has a market cap of $6,915.19, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.67 and a beta of 1.42. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 56.47%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. analysts expect that Crown Holdings, Inc. will post 4.41 earnings per share for the current fiscal year.

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Crown Company Profile

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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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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