Choreo LLC Decreases Holdings in Crown Holdings, Inc. (NYSE:CCK)

Choreo LLC reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,975 shares of the industrial products company’s stock after selling 325 shares during the quarter. Choreo LLC’s holdings in Crown were worth $244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the last quarter. Covestor Ltd increased its position in Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 277 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Crown in the third quarter valued at $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Crown in the 3rd quarter worth about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Crown during the 3rd quarter worth about $55,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Price Performance

Shares of CCK opened at $88.11 on Friday. The stock has a market capitalization of $10.54 billion, a PE ratio of 24.75, a PEG ratio of 1.68 and a beta of 0.87. The company has a 50 day moving average price of $85.21 and a 200-day moving average price of $89.39. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Equities analysts predict that Crown Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCK shares. Citigroup raised their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays dropped their price objective on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Royal Bank of Canada increased their target price on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Loop Capital boosted their target price on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised their price target on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.