Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in Crown Holdings, Inc. (NYSE:CCK) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 343,860 shares of the industrial products company’s stock after buying an additional 4,374 shares during the quarter. Rhumbline Advisers owned about 0.29% of Crown worth $28,434,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd increased its stake in Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group acquired a new position in Crown in the 3rd quarter valued at $44,000. GAMMA Investing LLC increased its stake in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after buying an additional 261 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Crown in the 3rd quarter valued at $48,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Crown in the 3rd quarter valued at $55,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Trading Down 1.0 %

NYSE CCK opened at $88.43 on Thursday. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The company has a 50-day moving average of $85.25 and a 200-day moving average of $89.41. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market cap of $10.58 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.55 and a beta of 0.87.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Barclays decreased their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company boosted their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, UBS Group decreased their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two investment 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 a consensus 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.