CI Global Investments Inc. raised its holdings in Crown Holdings, Inc. (NYSE:CCK) by 32.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,695 shares of the industrial products company’s stock after buying an additional 139,555 shares during the quarter. Crown Holdings makes up approximately 0.6% of CI Global Investments Inc.’s holdings, making the stock its 28th largest holding. CI Global Investments Inc. owned 0.42% of Crown Holdings worth $33,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CCK. Creative Planning lifted its stake in shares of Crown Holdings by 1.3% in the 2nd quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 23 shares in the last quarter. Cadence Capital Management LLC acquired a new position in shares of Crown Holdings in the 1st quarter valued at about $200,000. Daiwa Securities Group Inc. lifted its stake in shares of Crown Holdings by 14.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 500 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Crown Holdings in the 1st quarter valued at about $207,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Crown Holdings by 13.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,268 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 90.15% of the company’s stock.

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Crown Holdings, Inc. (NYSE:CCK) traded up 0.39% during trading on Friday, reaching $58.99. The company had a trading volume of 560,002 shares. The stock has a 50 day moving average of $58.55 and a 200-day moving average of $56.64. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $60.96. The company has a market capitalization of $7.98 billion, a P/E ratio of 16.90 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. Equities research analysts expect that Crown Holdings, Inc. will post $4.03 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, June 6th. BidaskClub lowered Crown Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC set a $70.00 price objective on Crown Holdings and gave the company a “buy” rating in a research note on Monday, August 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 price objective (up from $58.00) on shares of Crown Holdings in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Crown Holdings currently has an average rating of “Hold” and an average target price 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.

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

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