Landscape Capital Management L.L.C. Takes Position in Crown Holdings, Inc. (NYSE:CCK)

Landscape Capital Management L.L.C. acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,374 shares of the industrial products company’s stock, valued at approximately $858,000.

A number of other large investors have also added to or reduced their stakes in CCK. Farther Finance Advisors LLC raised its stake in shares of Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 256 shares during the last quarter. GAMMA Investing LLC raised its position in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after buying an additional 117 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Crown in the 3rd quarter valued at about $71,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Crown by 48.6% in the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock valued at $68,000 after buying an additional 269 shares during the period. Institutional investors own 90.93% of the company’s stock.

Crown Stock Down 6.3 %

Shares of NYSE:CCK opened at $83.10 on Friday. The firm has a market cap of $9.72 billion, a P/E ratio of 23.34, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The business’s 50 day simple moving average is $88.44 and its two-hundred day simple moving average is $89.37. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.26 dividend. This is a boost from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 annualized dividend and a yield of 1.25%. Crown’s dividend payout ratio (DPR) is presently 29.21%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Bank of America reduced their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Barclays dropped their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Mizuho decreased their price target on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup lifted their price objective on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.