Crown Holdings, Inc. (NYSE:CCK) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 110.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310 shares of the industrial products company’s stock after buying an additional 163 shares during the quarter. GAMMA Investing LLC’s holdings in Crown were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CCK. Rise Advisors LLC acquired a new stake in shares of Crown in the first quarter worth $27,000. Mather Group LLC. acquired a new stake in Crown during the 1st quarter worth about $32,000. EntryPoint Capital LLC purchased a new position in shares of Crown during the 1st quarter valued at about $41,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of Crown in the 1st quarter valued at about $43,000. Finally, Blue Trust Inc. boosted its stake in shares of Crown by 172.6% in the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock worth $48,000 after buying an additional 385 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Crown in a report on Tuesday, September 24th. Mizuho set a $110.00 target price on shares of Crown in a research note on Friday. Morgan Stanley raised their price target on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Bank of America upped their price objective on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, UBS Group dropped their target price on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.69.

Crown Stock Performance

NYSE CCK opened at $97.75 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $91.66 and its 200-day simple moving average is $84.36. The company has a market cap of $11.80 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the firm posted $1.68 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.15 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.02%. Crown’s dividend payout ratio is presently 28.82%.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the transaction, the chief executive officer now directly owns 593,678 shares in the company, valued at $50,480,440.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the transaction, the chief executive officer now owns 593,678 shares in the company, valued at $50,480,440.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,506 shares of company stock worth $3,392,349. Insiders own 0.90% of the company’s stock.

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.