Wedge Capital Management L L P NC cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,807 shares of the industrial products company’s stock after selling 14,040 shares during the period. Wedge Capital Management L L P NC owned approximately 0.10% of Crown Holdings worth $8,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Creative Planning raised its stake in Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after buying an additional 23 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Crown Holdings by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock valued at $668,000 after buying an additional 144 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Crown Holdings by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,053 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 152 shares during the last quarter. James Investment Research Inc. raised its stake in Crown Holdings by 2.0% in the second quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 340 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Crown Holdings by 6.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 6,147 shares of the industrial products company’s stock valued at $325,000 after buying an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

Crown Holdings, Inc. (NYSE:CCK) opened at 58.35 on Wednesday. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 16.71 and a beta of 1.39. The company’s 50-day moving average is $59.43 and its 200 day moving average is $56.11. Crown Holdings, Inc. has a 52-week low of $51.57 and a 52-week high of $60.96.

Crown Holdings (NYSE:CCK) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the company earned $1.19 EPS. Crown Holdings’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on CCK. Zacks Investment Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada restated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a research report on Wednesday, July 12th. BidaskClub lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. KeyCorp restated a “hold” rating on shares of Crown Holdings in a research report on Thursday, July 20th. Finally, Vertical Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating and increased their price target for the company from $60.00 to $64.00 in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.56.

In related news, VP David A. Beaver sold 1,000 shares of Crown Holdings stock in a transaction dated 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 sale, the vice president now directly owns 2,398 shares in the company, valued at approximately $134,407.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Crown Holdings Company Profile

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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