Menta Capital LLC increased its position in Crown Holdings, Inc. (NYSE:CCK) by 215.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,500 shares of the industrial products company’s stock after buying an additional 18,100 shares during the period. Menta Capital LLC’s holdings in Crown Holdings were worth $1,403,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CCK. Massachusetts Financial Services Co. MA raised its position in shares of Crown Holdings by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock valued at $480,762,000 after buying an additional 338,416 shares during the last quarter. Boston Partners raised its position in Crown Holdings by 17.3% in the first quarter. Boston Partners now owns 5,496,044 shares of the industrial products company’s stock worth $291,016,000 after buying an additional 810,314 shares in the last quarter. Victory Capital Management Inc. raised its position in Crown Holdings by 6.6% in the first quarter. Victory Capital Management Inc. now owns 3,420,501 shares of the industrial products company’s stock worth $181,116,000 after buying an additional 211,485 shares in the last quarter. Nordea Investment Management AB raised its position in Crown Holdings by 12.7% in the first quarter. Nordea Investment Management AB now owns 2,080,374 shares of the industrial products company’s stock worth $110,156,000 after buying an additional 234,594 shares in the last quarter. Finally, Mondrian Investment Partners LTD raised its position in Crown Holdings by 19.8% in the first quarter. Mondrian Investment Partners LTD now owns 1,745,980 shares of the industrial products company’s stock worth $92,450,000 after buying an additional 288,294 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Crown Holdings, Inc. (NYSE CCK) traded up 1.23% on Friday, hitting $60.23. The company had a trading volume of 634,474 shares. The firm has a 50-day moving average price of $57.51 and a 200-day moving average price of $54.76. Crown Holdings, Inc. has a 12-month low of $49.14 and a 12-month high of $60.28. The firm has a market capitalization of $8.34 billion, a PE ratio of 16.02 and a beta of 1.40.

Crown Holdings (NYSE:CCK) last issued its earnings results on Wednesday, April 19th. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Crown Holdings had a return on equity of 75.25% and a net margin of 6.32%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.69 EPS. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Crown Holdings, Inc. will post $3.96 earnings per share for the current fiscal year.

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CCK has been the topic of several research analyst reports. ValuEngine upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research note on Wednesday, April 12th. BidaskClub upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research note on Monday, June 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.11.

In related news, Director Jenne K. Britell sold 4,525 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $55.65, for a total value of $251,816.25. Following the transaction, the director now directly owns 50,038 shares of the company’s stock, valued at approximately $2,784,614.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David A. Beaver sold 1,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $56.05, for a total value of $56,050.00. Following the completion of the transaction, the vice president now directly owns 2,398 shares in the company, valued at $134,407.90. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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