Axa decreased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 60.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,200 shares of the industrial products company’s stock after selling 228,100 shares during the period. Axa owned 0.11% of Crown Holdings worth $8,782,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Crown Holdings by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock worth $632,833,000 after purchasing an additional 453,693 shares during the last quarter. Lazard Asset Management LLC lifted its stake in 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 purchasing an additional 997,113 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Crown Holdings by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock worth $480,762,000 after purchasing an additional 338,416 shares during the last quarter. BlackRock Inc. lifted its stake in Crown Holdings by 5,730.2% in the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock worth $431,880,000 after purchasing an additional 8,016,500 shares during the last quarter. Finally, Boston Partners lifted its stake in Crown Holdings by 1.2% in the second quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock worth $331,756,000 after purchasing an additional 64,738 shares during the last quarter. 90.15% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Axa Has $8.78 Million Position in Crown Holdings, Inc. (CCK)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/14/axa-has-8-78-million-position-in-crown-holdings-inc-cck.html.

Crown Holdings, Inc. (CCK) opened at 60.46 on Thursday. The stock has a market capitalization of $8.18 billion, a P/E ratio of 17.32 and a beta of 1.39. The company has a 50 day moving average of $58.57 and a 200-day moving average of $56.79. Crown Holdings, Inc. has a 52-week low of $51.57 and a 52-week high of $60.96.

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

CCK has been the subject of several analyst reports. BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and raised their price objective for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Jefferies Group LLC set a $70.00 price objective on shares of Crown Holdings and gave the stock a “buy” rating in a research note on Monday, August 28th. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, KeyCorp reissued a “hold” rating on shares of Crown Holdings in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock 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)

Receive News & Stock Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related stocks with our FREE daily email newsletter.