OLD Mutual Customised Solutions Proprietary Ltd. Holds Stake in Crown Holdings, Inc. (CCK)

OLD Mutual Customised Solutions Proprietary Ltd. continued to hold its position in shares of Crown Holdings, Inc. (NYSE:CCK) during the first quarter, Holdings Channel reports. The institutional investor owned 5,300 shares of the industrial products company’s stock at the end of the first quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Crown Holdings were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Comerica Bank raised its position in shares of Crown Holdings by 58.8% in the fourth quarter. Comerica Bank now owns 13,966 shares of the industrial products company’s stock valued at $764,000 after buying an additional 5,170 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Crown Holdings by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,886 shares of the industrial products company’s stock valued at $2,094,000 after buying an additional 1,910 shares in the last quarter. Clinton Group Inc. raised its position in shares of Crown Holdings by 103.7% in the first quarter. Clinton Group Inc. now owns 60,733 shares of the industrial products company’s stock valued at $3,216,000 after buying an additional 30,918 shares in the last quarter. AXA raised its position in shares of Crown Holdings by 7.2% in the first quarter. AXA now owns 375,300 shares of the industrial products company’s stock valued at $19,872,000 after buying an additional 25,100 shares in the last quarter. Finally, Round Table Services LLC acquired a new position in shares of Crown Holdings during the first quarter valued at about $239,000. 91.83% of the stock is currently owned by institutional investors.

Shares of Crown Holdings, Inc. (CCK) traded up 0.14% on Tuesday, hitting $58.55. The stock had a trading volume of 120,865 shares. The stock has a 50 day moving average price of $57.14 and a 200-day moving average price of $54.49. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38. Crown Holdings, Inc. has a 12-month low of $48.04 and a 12-month high of $58.80.

Crown Holdings (NYSE:CCK) last posted its earnings results on Wednesday, April 19th. The industrial products company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. Crown Holdings had a return on equity of 75.25% and a net margin of 6.32%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Crown Holdings, Inc. will post $3.95 earnings per share for the current year.

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CCK has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a research report on Wednesday, April 12th. Citigroup Inc. reissued a “buy” rating and issued a $63.00 price objective (up from $62.00) on shares of Crown Holdings in a report on Friday, April 14th. BMO Capital Markets reissued a “buy” rating and issued a $65.00 price objective on shares of Crown Holdings in a report on Wednesday, April 12th. Zacks Investment Research lowered Crown Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a report on Monday, June 5th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.11.

In other news, Director Jenne K. Britell sold 4,525 shares of Crown Holdings stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $55.65, for a total transaction of $251,816.25. Following the sale, the director now owns 50,038 shares in the company, valued at $2,784,614.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David A. Beaver sold 1,000 shares of Crown Holdings stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $56.05, for a total value of $56,050.00. Following the sale, the vice president now owns 2,398 shares in the company, valued at approximately $134,407.90. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

About Crown Holdings

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 Holdings (NYSE:CCK)

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