Huntington National Bank continued to hold its stake in Crown Holdings Inc. (NYSE:CCK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,996 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Crown Holdings were worth $161,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. First Manhattan Co. raised its stake in Crown Holdings by 2.9% in the second quarter. First Manhattan Co. now owns 3,089 shares of the company’s stock valued at $156,000 after buying an additional 88 shares in the last quarter. Fulton Bank N.A. acquired a new stake in Crown Holdings during the second quarter valued at about $213,000. BNP Paribas Arbitrage SA raised its stake in Crown Holdings by 94.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,270 shares of the company’s stock valued at $216,000 after buying an additional 2,071 shares in the last quarter. Riverhead Capital Management LLC acquired a new stake in Crown Holdings during the first quarter valued at about $301,000. Finally, Magnetar Financial LLC acquired a new stake in Crown Holdings during the first quarter valued at about $389,000. 88.81% of the stock is owned by institutional investors.
Shares of Crown Holdings Inc. (NYSE:CCK) traded up 0.41% on Thursday, reaching $56.26. The company had a trading volume of 510,038 shares. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 17.26 and a beta of 1.32. Crown Holdings Inc. has a 52 week low of $43.30 and a 52 week high of $57.46. The stock’s 50 day moving average is $54.77 and its 200 day moving average is $52.81.
Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.08. The firm earned $2.14 billion during the quarter, compared to analyst estimates of $2.24 billion. Crown Holdings had a return on equity of 106.65% and a net margin of 5.34%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. On average, equities analysts anticipate that Crown Holdings Inc. will post $3.93 EPS for the current year.
Several equities research analysts have issued reports on CCK shares. Jefferies Group lifted their price target on Crown Holdings from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research raised Crown Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Credit Suisse Group AG set a $58.00 price target on Crown Holdings and gave the stock a “hold” rating in a research note on Tuesday, July 19th. Deutsche Bank AG set a $55.00 price target on Crown Holdings and gave the stock a “hold” rating in a research note on Sunday, July 24th. Finally, Royal Bank Of Canada started coverage on Crown Holdings in a research note on Friday, September 30th. They set an “outperform” rating and a $65.00 price target for the company. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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.
Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings Inc. (NYSE:CCK).
Receive News & Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.