AMP Capital Investors Ltd Sells 4,340 Shares of Crown Holdings (CCK)

AMP Capital Investors Ltd reduced its holdings in Crown Holdings (NYSE:CCK) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,858 shares of the industrial products company’s stock after selling 4,340 shares during the quarter. AMP Capital Investors Ltd’s holdings in Crown were worth $1,962,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CCK. LSV Asset Management increased its stake in Crown by 506.5% in the 4th quarter. LSV Asset Management now owns 1,069,908 shares of the industrial products company’s stock valued at $60,182,000 after buying an additional 893,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in Crown by 130.9% in the 4th quarter. Renaissance Technologies LLC now owns 999,400 shares of the industrial products company’s stock valued at $56,216,000 after buying an additional 566,600 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Crown by 17.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock valued at $124,157,000 after acquiring an additional 302,595 shares during the period. Anchor Bolt Capital LP bought a new position in shares of Crown in the 4th quarter valued at about $15,347,000. Finally, AXA grew its position in shares of Crown by 108.0% in the 4th quarter. AXA now owns 339,400 shares of the industrial products company’s stock valued at $19,091,000 after acquiring an additional 176,200 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

A number of research analysts have recently commented on the stock. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price objective for the company. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. KeyCorp reissued a “hold” rating on shares of Crown in a research report on Tuesday, December 19th. Finally, Vertical Research raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Crown has an average rating of “Hold” and an average price target of $64.70.

Shares of CCK stock opened at $48.30 on Friday. The company has a market cap of $6,669.80, a PE ratio of 20.47, a P/E/G ratio of 1.61 and a beta of 1.50. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.52 and a current ratio of 0.95. Crown Holdings has a twelve month low of $48.26 and a twelve month high of $62.27.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 57.14%. Crown’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. analysts forecast that Crown Holdings will post 4.41 earnings per share for the current fiscal 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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