Private Management Group Inc. reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 16,314 shares of the industrial products company’s stock after selling 43 shares during the period. Private Management Group Inc.’s holdings in Crown Holdings were worth $864,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in Crown Holdings by 28.6% in the third quarter. Acrospire Investment Management LLC now owns 1,800 shares of the industrial products company’s stock valued at $103,000 after buying an additional 400 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock valued at $105,000 after buying an additional 191 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in Crown Holdings during the fourth quarter valued at about $112,000. Fuller & Thaler Asset Management Inc. boosted its stake in Crown Holdings by 109.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock valued at $131,000 after buying an additional 1,200 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Crown Holdings by 14.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the industrial products company’s stock valued at $207,000 after buying an additional 500 shares during the period. 90.76% of the stock is owned by institutional investors.
Shares of Crown Holdings, Inc. (NYSE:CCK) traded up 0.61% during midday trading on Friday, reaching $56.01. 489,881 shares of the company traded hands. The firm has a market capitalization of $7.76 billion, a P/E ratio of 14.90 and a beta of 1.35. The company has a 50 day moving average of $55.18 and a 200 day moving average of $53.89. Crown Holdings, Inc. has a 12 month low of $48.04 and a 12 month high of $57.49.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. Crown Holdings had a net margin of 5.99% and a return on equity of 83.94%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Crown Holdings, Inc. will post $3.95 earnings per share for the current fiscal year.
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Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price objective (up from $62.00) on shares of Crown Holdings in a research report on Friday, April 21st. Credit Suisse Group AG set a $60.00 price objective on shares of Crown Holdings and gave the stock a “hold” rating in a research report on Saturday, February 4th. Vertical Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, February 6th. Zacks Investment Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays PLC decreased their price objective on shares of Crown Holdings from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, February 6th. Four 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 an average target price of $61.89.
In other Crown Holdings news, Director Jenne K. Britell sold 4,525 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $55.65, for a total transaction of $251,816.25. Following the transaction, the director now directly owns 50,038 shares in the company, valued at approximately $2,784,614.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Crown Holdings 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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