LS Investment Advisors LLC maintained its position in shares of Crown Holdings, Inc. (NYSE:CCK) during the second quarter, Holdings Channel reports. The institutional investor owned 3,723 shares of the industrial products company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Crown Holdings were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Crown Holdings by 5,730.2% in the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock valued at $431,880,000 after buying an additional 8,016,500 shares in the last quarter. Lazard Asset Management LLC raised its stake in Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock valued at $498,056,000 after buying an additional 997,113 shares in the last quarter. Boston Partners raised its stake in Crown Holdings by 17.3% in the first quarter. Boston Partners now owns 5,496,044 shares of the industrial products company’s stock valued at $291,016,000 after buying an additional 810,314 shares in the last quarter. Janus Capital Management LLC raised its stake in Crown Holdings by 14.1% in the first quarter. Janus Capital Management LLC now owns 3,988,346 shares of the industrial products company’s stock valued at $211,183,000 after buying an additional 492,530 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Crown Holdings by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock valued at $632,833,000 after buying an additional 453,693 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors.

Shares of Crown Holdings, Inc. (NYSE CCK) traded up 0.56% during mid-day trading on Monday, reaching $59.46. 88,056 shares of the company’s stock were exchanged. Crown Holdings, Inc. has a 52-week low of $51.57 and a 52-week high of $60.96. The company has a 50 day moving average price of $59.14 and a 200 day moving average price of $55.78. The firm has a market cap of $8.04 billion, a P/E ratio of 17.03 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. Crown Holdings’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. Analysts forecast that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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Several analysts recently issued reports on CCK shares. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research report on Wednesday, April 12th. BMO Capital Markets reiterated a “buy” rating and set a $65.00 price target on shares of Crown Holdings in a research report on Wednesday, April 12th. Citigroup Inc. reiterated a “buy” rating and set a $63.00 price target (up previously from $62.00) on shares of Crown Holdings in a research report on Friday, April 14th. Zacks Investment Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Crown Holdings presently has an average rating of “Hold” and a consensus price target of $64.56.

In related news, VP David A. Beaver sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $56.05, for a total transaction of $56,050.00. Following the sale, the vice president now owns 2,398 shares of the company’s stock, valued at approximately $134,407.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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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