Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 31.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,002 shares of the industrial products company’s stock after purchasing an additional 12,270 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Crown Holdings were worth $3,043,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KCG Holdings Inc. raised its stake in Crown Holdings by 14.8% in the 1st quarter. KCG Holdings Inc. now owns 20,229 shares of the industrial products company’s stock worth $1,071,000 after purchasing an additional 2,603 shares in the last quarter. AXA raised its stake in Crown Holdings by 7.2% in the 1st quarter. AXA now owns 375,300 shares of the industrial products company’s stock worth $19,872,000 after purchasing an additional 25,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Crown Holdings by 41.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,552 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 1,620 shares in the last quarter. Clinton Group Inc. raised its stake in Crown Holdings by 103.7% in the 1st quarter. Clinton Group Inc. now owns 60,733 shares of the industrial products company’s stock worth $3,216,000 after purchasing an additional 30,918 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Crown Holdings by 11.9% in the 1st quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock worth $498,056,000 after purchasing an additional 997,113 shares in the last quarter. Institutional investors and hedge funds own 90.15% of the company’s stock.

Crown Holdings, Inc. (CCK) opened at 59.26 on Tuesday. The firm has a market capitalization of $8.02 billion, a PE ratio of 16.98 and a beta of 1.39. The stock has a 50 day moving average of $58.80 and a 200 day moving average of $56.48. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month 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, beating analysts’ consensus estimates of $1.10 by $0.02. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the business earned $1.19 earnings per share. Crown Holdings’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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Several brokerages have weighed in on CCK. Zacks Investment Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. BMO Capital Markets reiterated a “buy” rating and issued a $65.00 price objective on shares of Crown Holdings in a research note on Monday. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research note on Wednesday, July 12th. KeyCorp reiterated a “hold” rating on shares of Crown Holdings in a research note on Thursday, July 20th. Finally, Vertical Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $64.56.

Crown Holdings 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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