QS Investors LLC Holds Holdings in Crown Holdings, Inc. (CCK)
QS Investors LLC maintained its position in shares of Crown Holdings, Inc. (NYSE:CCK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,937 shares of the industrial products company’s stock at the end of the second quarter. QS Investors LLC owned 0.06% of Crown Holdings worth $4,471,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its position in Crown Holdings by 1.3% during the second 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 period. Cadence Capital Management LLC purchased a new stake in Crown Holdings in the first quarter worth approximately $200,000. Two Sigma Securities LLC purchased a new stake in Crown Holdings in the first quarter worth approximately $207,000. Achmea Investment Management B.V. purchased a new stake in Crown Holdings in the first quarter worth approximately $227,000. Finally, Acrospire Investment Management LLC boosted its holdings in Crown Holdings by 1,990.5% in the second quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 3,981 shares during the last quarter. 90.12% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 target price on shares of Crown Holdings in a research report on Monday, June 5th. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, June 6th. ValuEngine cut Crown Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. BidaskClub downgraded Crown Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $70.00 price target (up from $63.00) on shares of Crown Holdings in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $64.56.
Shares of Crown Holdings, Inc. (NYSE:CCK) opened at 59.80 on Tuesday. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 17.13 and a beta of 1.40. The stock has a 50 day moving average price of $59.08 and a 200 day moving average price of $57.50. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $61.39.
Crown Holdings (NYSE:CCK) last announced its quarterly earnings data 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. 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 company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Equities research analysts anticipate that Crown Holdings, Inc. will post $4.03 EPS for the current year.
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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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