Crown Holdings, Inc. (CCK) Position Raised by Renaissance Group LLC
Renaissance Group LLC lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 40.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,272 shares of the industrial products company’s stock after buying an additional 162,564 shares during the period. Renaissance Group LLC owned approximately 0.42% of Crown Holdings worth $33,459,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in shares of Crown Holdings by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after buying an additional 185 shares during the last quarter. Creative Planning boosted its position in shares of Crown Holdings by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in shares of Crown Holdings during the third quarter valued at $207,000. Acrospire Investment Management LLC boosted its position in shares of Crown Holdings by 1,990.5% during the second quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock valued at $249,000 after buying an additional 3,981 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Crown Holdings during the second quarter valued at $255,000. 90.74% of the stock is currently owned by institutional investors.
Shares of Crown Holdings, Inc. (NYSE CCK) traded up $0.32 during trading hours on Tuesday, reaching $58.93. The company’s stock had a trading volume of 599,500 shares, compared to its average volume of 790,800. The stock has a market capitalization of $7,930.00, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.44. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. Crown Holdings, Inc. has a fifty-two week low of $51.57 and a fifty-two week high of $61.61.
Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Crown Holdings had a return on equity of 60.44% and a net margin of 5.64%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. equities analysts forecast that Crown Holdings, Inc. will post 4.03 earnings per share for the current year.
Several equities research analysts recently commented on CCK shares. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 price objective on shares of Crown Holdings in a research report on Monday, September 4th. Zacks Investment Research cut Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC increased their price objective on Crown Holdings from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Wells Fargo & Company increased their price objective on Crown Holdings from $57.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, BidaskClub cut Crown Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Crown Holdings presently has a consensus rating of “Hold” and an average target price of $64.20.
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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