State Board of Administration of Florida Retirement System maintained its position in Crown Holdings, Inc. (NYSE:CCK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,849 shares of the industrial products company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.15% of Crown Holdings worth $12,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CCK. KCG Holdings Inc. raised its position in shares of Crown Holdings by 14.8% in the first quarter. KCG Holdings Inc. now owns 20,229 shares of the industrial products company’s stock worth $1,071,000 after buying an additional 2,603 shares during the last quarter. AXA raised its position in shares of Crown Holdings by 7.2% in the first quarter. AXA now owns 375,300 shares of the industrial products company’s stock worth $19,872,000 after buying an additional 25,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Crown Holdings by 41.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,552 shares of the industrial products company’s stock worth $294,000 after buying an additional 1,620 shares during the last quarter. Clinton Group Inc. raised its position in shares of Crown Holdings by 103.7% in the first quarter. Clinton Group Inc. now owns 60,733 shares of the industrial products company’s stock worth $3,216,000 after buying an additional 30,918 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock worth $498,056,000 after buying an additional 997,113 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Crown Holdings, Inc. (NYSE:CCK) opened at 57.31 on Wednesday. Crown Holdings, Inc. has a one year low of $51.57 and a one year high of $60.96. The stock has a 50 day moving average price of $59.01 and a 200-day moving average price of $56.30. The company has a market capitalization of $7.75 billion, a P/E ratio of 16.42 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the company. Jefferies Group LLC set a $70.00 target price on Crown Holdings and gave the company a “buy” rating in a research report on Monday. BidaskClub lowered Crown Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 target price (up from $58.00) on shares of Crown Holdings in a research report on Tuesday, July 18th. Finally, ValuEngine lowered Crown Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.56.

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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