Crown Holdings, Inc. (CCK) Stake Held by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. continued to hold its stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the industrial products company’s stock at the close of the second quarter. Icon Advisers Inc. Co.’s holdings in Crown Holdings were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. Creative Planning grew its holdings in Crown Holdings by 1.3% during 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 during the last quarter. Cadence Capital Management LLC bought a new position in Crown Holdings during the 1st quarter valued at about $200,000. Daiwa Securities Group Inc. grew its holdings in Crown Holdings by 14.7% during 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 during the last quarter. Two Sigma Securities LLC bought a new position in Crown Holdings during the 1st quarter valued at about $207,000. Finally, Achmea Investment Management B.V. bought a new position in Crown Holdings during the 1st quarter valued at about $227,000. Institutional investors own 90.15% of the company’s stock.
Several equities analysts recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of Crown Holdings in a report on Wednesday, July 12th. KeyCorp reiterated a “hold” rating on shares of Crown Holdings in a report on Thursday, July 20th. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and upped their price target for the company from $60.00 to $64.00 in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Monday, July 24th. Finally, Barclays PLC reiterated an “overweight” rating and set a $69.00 price target (up from $63.00) on shares of Crown Holdings in a report on Monday, July 24th. One investment 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. Crown Holdings has an average rating of “Hold” and an average price target of $64.56.
Shares of Crown Holdings, Inc. (NYSE CCK) opened at 60.49 on Friday. The stock has a market capitalization of $8.18 billion, a PE ratio of 17.33 and a beta of 1.39. Crown Holdings, Inc. has a 52-week low of $51.57 and a 52-week high of $60.96. The firm has a 50-day moving average of $58.67 and a 200 day moving average of $56.89.
Crown Holdings (NYSE:CCK) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share 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 business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the business earned $1.19 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Crown Holdings, Inc. will post $4.03 EPS for the current fiscal year.
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.
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