Janus Henderson Group PLC decreased its stake in Crown Holdings, Inc. (NYSE:CCK) by 17.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,401,545 shares of the industrial products company’s stock after selling 1,135,306 shares during the quarter. Janus Henderson Group PLC owned 4.02% of Crown worth $322,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC acquired a new position in shares of Crown in the 3rd quarter valued at $361,000. First Republic Investment Management Inc. acquired a new position in shares of Crown in the 3rd quarter valued at $205,000. Asset Management One Co. Ltd. boosted its position in shares of Crown by 1.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 211,639 shares of the industrial products company’s stock valued at $12,645,000 after purchasing an additional 2,841 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Crown by 88.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 88,819 shares of the industrial products company’s stock valued at $5,304,000 after purchasing an additional 41,708 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Crown by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 23,457 shares of the industrial products company’s stock valued at $1,398,000 after purchasing an additional 1,210 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.

A number of research firms recently weighed in on CCK. KeyCorp reiterated a “hold” rating on shares of Crown in a research report on Friday, November 10th. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded Crown from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Monday, October 2nd. Jefferies Group set a $70.00 price objective on Crown and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, UBS initiated coverage on Crown in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Crown has an average rating of “Hold” and an average price target of $64.27.

Shares of Crown Holdings, Inc. (NYSE CCK) opened at $58.80 on Friday. The stock has a market capitalization of $7,895.25, a PE ratio of 14.85, a P/E/G ratio of 2.09 and a beta of 1.42. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. Crown Holdings, Inc. has a one year low of $51.76 and a one year high of $61.61.

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

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Crown 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.

Institutional Ownership by Quarter for Crown (NYSE:CCK)

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