Jensen Investment Management Inc. increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 28.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,260 shares of the industrial products company’s stock after buying an additional 3,400 shares during the period. Jensen Investment Management Inc.’s holdings in Crown Holdings were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Princeton Alpha Management LP increased its position in shares of Crown Holdings by 11.8% in the first quarter. Princeton Alpha Management LP now owns 16,369 shares of the industrial products company’s stock worth $867,000 after buying an additional 1,725 shares during the last quarter. Boston Partners increased its stake 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 valued at $291,016,000 after buying an additional 810,314 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Crown Holdings by 14.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the industrial products company’s stock valued at $207,000 after buying an additional 500 shares in the last quarter. LSV Asset Management increased its stake in Crown Holdings by 16.1% in the first quarter. LSV Asset Management now owns 31,708 shares of the industrial products company’s stock valued at $1,678,000 after buying an additional 4,400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Crown Holdings by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 389,197 shares of the industrial products company’s stock valued at $20,608,000 after buying an additional 1,273 shares in the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

Crown Holdings, Inc. (NYSE CCK) traded up 0.83% during trading on Thursday, reaching $58.56. 122,869 shares of the company traded hands. The company’s 50-day moving average is $59.01 and its 200 day moving average is $56.30. The company has a market cap of $7.92 billion, a PE ratio of 16.77 and a beta of 1.39. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $60.96.

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

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CCK has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and boosted their target price for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, KeyCorp reissued a “hold” rating on shares of Crown Holdings in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $64.56.

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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