Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,760 shares of the industrial products company’s stock after selling 1,416 shares during the period. Assenagon Asset Management S.A.’s holdings in Crown were worth $1,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of Crown by 139.2% in the 2nd quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock valued at $9,104,000 after purchasing an additional 71,227 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Crown by 62.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,142 shares of the industrial products company’s stock worth $1,722,000 after purchasing an additional 8,857 shares during the period. AQR Capital Management LLC grew its position in Crown by 121.7% in the 2nd quarter. AQR Capital Management LLC now owns 736,478 shares of the industrial products company’s stock valued at $54,787,000 after buying an additional 404,250 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Crown in the 2nd quarter valued at $641,000. Finally, Millennium Management LLC raised its position in Crown by 166.6% during the 2nd quarter. Millennium Management LLC now owns 509,909 shares of the industrial products company’s stock worth $37,932,000 after buying an additional 318,617 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Robert W. Baird increased their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada lifted their price target on Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Mizuho dropped their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.46.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the transaction, the chief executive officer now owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $88.36 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The company’s 50-day moving average price is $86.34 and its 200 day moving average price is $88.37. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 109.09, a PEG ratio of 1.68 and a beta of 0.86.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.