31,530 Shares in Crown Holdings, Inc. (NYSE:CCK) Bought by Van ECK Associates Corp

Van ECK Associates Corp acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,530 shares of the industrial products company’s stock, valued at approximately $2,607,000.

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd raised its stake in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group bought a new position in Crown during the 3rd quarter worth about $44,000. Catalyst Capital Advisors LLC bought a new position in Crown during the 3rd quarter worth about $48,000. GAMMA Investing LLC increased its holdings in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 261 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Crown during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 0.3 %

Crown stock opened at $88.60 on Friday. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The stock has a market capitalization of $10.60 billion, a P/E ratio of 24.89, a PEG ratio of 1.57 and a beta of 0.87. The stock has a 50-day simple moving average of $85.26 and a 200 day simple moving average of $89.40.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CCK. Citigroup increased their target price on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. UBS Group lowered their target price on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Mizuho lowered their target price on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays lowered their target price on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Truist Financial raised their price objective on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.69.

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.