Eagle Asset Management Inc. lessened its holdings in Crown Holdings, Inc. (NYSE:CCK) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,552 shares of the industrial products company’s stock after selling 1,014 shares during the period. Eagle Asset Management Inc. owned approximately 0.08% of Crown Holdings worth $6,476,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in CCK. Creative Planning increased its stake in Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 23 shares during the period. Cadence Capital Management LLC acquired a new position in Crown Holdings in the first quarter valued at $200,000. Daiwa Securities Group Inc. increased 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 purchasing an additional 500 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Crown Holdings in the first quarter valued at about $207,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Crown Holdings by 13.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,268 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 90.15% of the company’s stock.
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Several brokerages have recently weighed in on CCK. BidaskClub downgraded shares of Crown Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of Crown Holdings in a research report on Friday, July 14th. Deutsche Bank AG reissued a “hold” rating and issued a $61.00 price objective (up previously from $58.00) on shares of Crown Holdings in a research report on Tuesday, July 18th. Finally, ValuEngine lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Crown Holdings currently has a consensus rating of “Hold” and an average price target of $64.56.
Crown Holdings, Inc. (NYSE:CCK) traded down 0.42% during mid-day trading on Friday, hitting $59.90. 139,092 shares of the company were exchanged. The stock’s 50 day moving average is $58.64 and its 200-day moving average is $56.84. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 17.16 and a beta of 1.39. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $60.96.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the firm posted $1.19 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Crown Holdings, Inc. will post $4.03 EPS for the current year.
Crown Holdings 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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