Korea Investment CORP lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 421.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,483 shares of the industrial products company’s stock after acquiring an additional 77,183 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Crown worth $4,274,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CCK. Wells Fargo & Company MN grew its stake in shares of Crown by 4.6% during the 1st quarter. Wells Fargo & Company MN now owns 869,204 shares of the industrial products company’s stock worth $44,112,000 after acquiring an additional 38,566 shares during the period. SG Americas Securities LLC grew its stake in shares of Crown by 359.2% during the 1st quarter. SG Americas Securities LLC now owns 17,024 shares of the industrial products company’s stock worth $864,000 after acquiring an additional 13,317 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Crown by 3.2% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,541 shares of the industrial products company’s stock worth $2,819,000 after acquiring an additional 1,700 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Crown by 270.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 6,869 shares of the industrial products company’s stock worth $349,000 after acquiring an additional 5,017 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in Crown by 2.9% in the 1st quarter. State of Wisconsin Investment Board now owns 309,333 shares of the industrial products company’s stock worth $15,699,000 after purchasing an additional 8,735 shares during the period. Institutional investors own 95.79% of the company’s stock.

In other Crown news, Director William S. Urkiel purchased 1,500 shares of the stock in a transaction on Thursday, August 2nd. The shares were purchased at an average price of $44.30 per share, with a total value of $66,450.00. Following the acquisition, the director now directly owns 44,094 shares in the company, valued at approximately $1,953,364.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William S. Urkiel purchased 2,500 shares of the stock in a transaction on Friday, August 17th. The stock was acquired at an average cost of $40.25 per share, for a total transaction of $100,625.00. Following the acquisition, the director now owns 46,594 shares in the company, valued at $1,875,408.50. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Several brokerages have commented on CCK. ValuEngine downgraded Crown from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 17th. Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. UBS Group cut their target price on Crown from $59.00 to $50.00 and set a “$44.54” rating for the company in a research note on Thursday, July 19th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of Crown in a research note on Friday, July 20th. Finally, Citigroup cut their target price on Crown from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.00.

Shares of NYSE CCK opened at $44.83 on Friday. Crown Holdings, Inc. has a 52 week low of $40.09 and a 52 week high of $62.27. The company has a quick ratio of 0.69, a current ratio of 1.18 and a debt-to-equity ratio of 8.12. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.21 and a beta of 1.37.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, July 18th. The industrial products company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.03). Crown had a return on equity of 58.64% and a net margin of 3.14%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 41.0% compared to the same quarter last year. equities analysts forecast that Crown Holdings, Inc. will post 5.23 earnings per share for the current fiscal year.

Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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