Jump Trading LLC bought a new stake in Crown Holdings (NYSE:CCK) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,893 shares of the industrial products company’s stock, valued at approximately $500,000.
Other large investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its stake in Crown by 155.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock valued at $129,000 after buying an additional 1,400 shares during the last quarter. American International Group Inc. acquired a new stake in Crown in the 4th quarter worth $169,000. Ladenburg Thalmann Financial Services Inc. grew its position in Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 863 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in Crown in the 3rd quarter worth $205,000. Finally, Delpha Capital Management LLC acquired a new stake in Crown in the 4th quarter worth $211,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
Several analysts have issued reports on the stock. ValuEngine lowered shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price target on the stock. Zacks Investment Research lowered shares of Crown from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. KeyCorp restated a “hold” rating on shares of Crown in a research report on Tuesday, December 19th. Finally, Vertical Research upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.70.
Crown stock opened at $51.31 on Monday. The company has a market cap of $6,891.41, a PE ratio of 12.70, a PEG ratio of 1.66 and a beta of 1.50. Crown Holdings has a 1-year low of $48.86 and a 1-year high of $62.27. The company has a current ratio of 0.95, a quick ratio of 0.52 and a debt-to-equity ratio of 5.65.
Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 57.14%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. research analysts anticipate that Crown Holdings will post 4.41 earnings per share for the current fiscal year.
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Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.
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