Crown Holdings, Inc. (CCK) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 25,680 shares of the industrial products company’s stock after selling 200 shares during the period. Oppenheimer & Co. Inc.’s holdings in Crown Holdings were worth $1,360,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock worth $105,000 after buying an additional 191 shares during the last quarter. Cadence Capital Management LLC bought a new stake in shares of Crown Holdings during the first quarter worth about $200,000. Daiwa Securities Group Inc. boosted its stake in shares of Crown Holdings by 14.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the industrial products company’s stock worth $207,000 after buying an additional 500 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Crown Holdings by 1.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,932 shares of the industrial products company’s stock worth $207,000 after buying an additional 52 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Crown Holdings by 13.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,268 shares of the industrial products company’s stock worth $226,000 after buying an additional 492 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

Shares of Crown Holdings, Inc. (NYSE:CCK) traded down 0.98% during mid-day trading on Tuesday, hitting $57.74. The stock had a trading volume of 525,829 shares. The stock has a 50 day moving average price of $57.10 and a 200 day moving average price of $54.45. Crown Holdings, Inc. has a 52 week low of $48.04 and a 52 week high of $58.79. The firm has a market cap of $8.00 billion, a PE ratio of 15.36 and a beta of 1.38.

Crown Holdings (NYSE:CCK) last posted its quarterly earnings results on Wednesday, April 19th. The industrial products company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Crown Holdings had a return on equity of 75.25% and a net margin of 6.32%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Crown Holdings’s revenue was up .4% on a year-over-year basis. Equities research analysts expect that Crown Holdings, Inc. will post $3.95 EPS for the current fiscal year.

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A number of brokerages have recently commented on CCK. BidaskClub lowered Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered Crown Holdings from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine lowered Crown Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 target price on shares of Crown Holdings in a research note on Monday, June 5th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $63.00 target price (up from $62.00) on shares of Crown Holdings in a research note on Friday, April 21st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.11.

In related news, VP David A. Beaver sold 1,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was 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 in the company, valued at approximately $134,407.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jenne K. Britell sold 4,525 shares of the business’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $55.65, for a total value of $251,816.25. Following the sale, the director now owns 50,038 shares in the company, valued at approximately $2,784,614.70. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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).

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