Meadow Creek Investment Management LLC Takes $2.43 Million Position in Crown Holdings (CCK)

Meadow Creek Investment Management LLC purchased a new position in shares of Crown Holdings (NYSE:CCK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,214 shares of the industrial products company’s stock, valued at approximately $2,431,000.

Other large investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its stake in Crown by 155.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 1,400 shares during the period. American International Group Inc. purchased a new position in shares of Crown in the 4th quarter valued at $169,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 863 shares during the period. First Republic Investment Management Inc. purchased a new position in shares of Crown in the 3rd quarter valued at $205,000. Finally, Delpha Capital Management LLC purchased a new position in shares of Crown in the 4th quarter valued at $211,000. 89.30% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently commented on CCK shares. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Vertical Research raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. KeyCorp reissued a “hold” rating on shares of Crown in a research note on Tuesday, December 19th. TheStreet downgraded shares of Crown from a “b” rating to a “c” rating in a research note on Thursday, February 8th. Finally, UBS started coverage on shares of Crown in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.70.

Shares of Crown Holdings (CCK) opened at $51.31 on Friday. The firm has a market cap of $6,891.40, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.66 and a beta of 1.50. Crown Holdings has a fifty-two week low of $48.86 and a fifty-two week high of $62.27. The company has a current ratio of 0.95, a quick ratio of 0.52 and a debt-to-equity ratio of 5.65.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 57.14%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. equities analysts anticipate that Crown Holdings will post 4.41 earnings per share for the current year.

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Crown 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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