HL Financial Services LLC continued to hold its position in shares of Crown Holdings Inc. (NYSE:CCK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,520 shares of the company’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in Crown Holdings were worth $330,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CCK. First Manhattan Co. raised its position in shares of Crown Holdings by 2.9% in the second quarter. First Manhattan Co. now owns 3,089 shares of the company’s stock worth $156,000 after buying an additional 88 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of Crown Holdings during the second quarter worth about $213,000. BNP Paribas Arbitrage SA raised its position in shares of Crown Holdings by 94.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,270 shares of the company’s stock worth $216,000 after buying an additional 2,071 shares during the last quarter. Riverhead Capital Management LLC acquired a new position in shares of Crown Holdings during the first quarter worth about $301,000. Finally, Magnetar Financial LLC acquired a new position in shares of Crown Holdings during the first quarter worth about $389,000. 88.81% of the stock is currently owned by institutional investors.
Crown Holdings Inc. (NYSE:CCK) traded up 0.72% on Friday, hitting $57.09. The stock had a trading volume of 1,292,767 shares. The firm has a market cap of $7.91 billion, a P/E ratio of 17.51 and a beta of 1.38. Crown Holdings Inc. has a 1-year low of $43.30 and a 1-year high of $57.46. The firm’s 50-day moving average price is $54.50 and its 200-day moving average price is $52.60.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.08. Crown Holdings had a return on equity of 106.65% and a net margin of 5.34%. The firm earned $2.14 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities research analysts predict that Crown Holdings Inc. will post $3.93 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Jefferies Group upped their target price on Crown Holdings from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, July 14th. RBC Capital Markets initiated coverage on Crown Holdings in a research report on Thursday. They issued an “outperform” rating and a $65.00 target price on the stock. Zacks Investment Research raised Crown Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Barclays PLC upped their price target on Crown Holdings from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, July 25th. Finally, Credit Suisse Group AG set a $58.00 price target on Crown Holdings and gave the company a “hold” rating in a research report on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.38.
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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