Kistler Tiffany Companies LLC increased its position in Crown Holdings, Inc. (NYSE:CCK) by 95.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,432 shares of the industrial products company’s stock after buying an additional 8,517 shares during the period. Kistler Tiffany Companies LLC’s holdings in Crown were worth $1,265,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sawgrass Asset Management LLC lifted its position in shares of Crown by 2.8% during the 3rd quarter. Sawgrass Asset Management LLC now owns 7,255 shares of the industrial products company’s stock worth $479,000 after buying an additional 195 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Crown by 0.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 86,363 shares of the industrial products company’s stock worth $6,265,000 after buying an additional 258 shares in the last quarter. Marshall & Sullivan Inc. WA lifted its position in shares of Crown by 0.5% during the 3rd quarter. Marshall & Sullivan Inc. WA now owns 65,189 shares of the industrial products company’s stock worth $4,306,000 after buying an additional 326 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Crown by 1.8% during the 3rd quarter. Emerald Advisers LLC now owns 19,972 shares of the industrial products company’s stock worth $1,319,000 after buying an additional 354 shares in the last quarter. Finally, Allred Capital Management LLC bought a new position in shares of Crown during the 4th quarter worth approximately $27,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP David A. Beaver sold 1,200 shares of Crown stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $75.68, for a total value of $90,816.00. Also, insider Hock Huat Goh sold 3,125 shares of Crown stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $74.16, for a total transaction of $231,750.00. Following the completion of the transaction, the insider now owns 42,423 shares of the company’s stock, valued at $3,146,089.68. The disclosure for this sale can be found here. Insiders sold a total of 17,485 shares of company stock valued at $1,287,280 over the last quarter. 1.90% of the stock is owned by company insiders.
CCK has been the topic of several recent analyst reports. Citigroup set a $79.00 target price on shares of Crown and gave the stock a “buy” rating in a research report on Friday, October 18th. ValuEngine cut shares of Crown from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Thursday, October 17th. Morgan Stanley lifted their price target on shares of Crown from $56.00 to $72.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $75.00 price target (up previously from $65.00) on shares of Crown in a report on Friday, September 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $77.33.
Shares of NYSE:CCK traded down $0.74 during mid-day trading on Tuesday, reaching $71.78. The company had a trading volume of 677,364 shares, compared to its average volume of 1,111,145. The company has a current ratio of 1.12, a quick ratio of 0.64 and a debt-to-equity ratio of 4.06. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.85 and a beta of 1.53. The company’s 50-day moving average price is $73.06 and its 200-day moving average price is $67.83. Crown Holdings, Inc. has a one year low of $46.68 and a one year high of $78.29.
Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.01). Crown had a return on equity of 41.91% and a net margin of 4.10%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the firm posted $1.71 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Crown Holdings, Inc. will post 5.02 EPS for the current fiscal year.
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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