Sumitomo Mitsui Asset Management Company LTD lessened its holdings in Crown Holdings, Inc. (NYSE:CCK) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,685 shares of the industrial products company’s stock after selling 874 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Crown Holdings were worth $578,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Neuberger Berman Group LLC boosted its holdings in shares of Crown Holdings by 3.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,776,396 shares of the industrial products company’s stock valued at $105,980,000 after purchasing an additional 57,124 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Crown Holdings by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 917,015 shares of the industrial products company’s stock valued at $54,710,000 after purchasing an additional 8,287 shares in the last quarter. Sentry Investments Corp. boosted its holdings in shares of Crown Holdings by 5.9% in the 2nd quarter. Sentry Investments Corp. now owns 1,366,200 shares of the industrial products company’s stock valued at $81,507,000 after purchasing an additional 76,600 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Crown Holdings by 35.9% in the 2nd quarter. SG Americas Securities LLC now owns 18,547 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 4,899 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Crown Holdings by 2.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 398,637 shares of the industrial products company’s stock valued at $23,783,000 after purchasing an additional 9,440 shares in the last quarter. 90.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on CCK. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Wells Fargo & Company raised their price objective on Crown Holdings from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Jefferies Group LLC reissued a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. Deutsche Bank AG reissued a “hold” rating and set a $61.00 price objective (up previously from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Finally, KeyCorp reissued a “hold” rating on shares of Crown Holdings in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.20.

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Crown Holdings, Inc. (NYSE CCK) opened at $59.79 on Wednesday. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $61.61. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. The firm has a market capitalization of $8,112.77, a PE ratio of 15.26, a PEG ratio of 2.14 and a beta of 1.44.

Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. Crown Holdings had a return on equity of 60.44% and a net margin of 5.64%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the company posted $1.33 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. research analysts predict that Crown Holdings, Inc. will post 4.03 earnings per share for the current year.

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.

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

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