Teachers Advisors LLC Reduces Stake in Crown Holdings (CCK)

Teachers Advisors LLC lowered its stake in Crown Holdings (NYSE:CCK) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,722 shares of the industrial products company’s stock after selling 8,727 shares during the quarter. Teachers Advisors LLC’s holdings in Crown were worth $22,709,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CCK. The Manufacturers Life Insurance Company lifted its holdings in shares of Crown by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 351 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Crown by 1.9% in the third quarter. New York State Common Retirement Fund now owns 295,000 shares of the industrial products company’s stock valued at $17,617,000 after buying an additional 5,500 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Crown by 24.1% in the third quarter. Ameriprise Financial Inc. now owns 637,035 shares of the industrial products company’s stock valued at $38,045,000 after buying an additional 123,882 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Crown in the third quarter valued at approximately $624,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of Crown in the third quarter valued at approximately $223,000. 89.37% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Crown Holdings (NYSE CCK) opened at $48.30 on Monday. The firm has a market cap of $6,487.14, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. 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 Holdings has a 52-week low of $48.26 and a 52-week high of $62.27.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. equities research analysts forecast that Crown Holdings will post 4.41 earnings per share for the current fiscal year.

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Crown Company 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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