BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Crown Holdings, Inc. (NYSE:CCK) by 88.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,819 shares of the industrial products company’s stock after buying an additional 41,708 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.07% of Crown worth $5,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in shares of Crown by 5.4% in the third quarter. Stifel Financial Corp now owns 23,457 shares of the industrial products company’s stock worth $1,398,000 after buying an additional 1,210 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Crown by 5.2% in the third quarter. Pinebridge Investments L.P. now owns 254,658 shares of the industrial products company’s stock worth $15,209,000 after buying an additional 12,616 shares during the last quarter. Tredje AP fonden raised its holdings in shares of Crown by 82.8% in the third quarter. Tredje AP fonden now owns 22,590 shares of the industrial products company’s stock worth $1,349,000 after buying an additional 10,230 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Crown by 14.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 26,600 shares of the industrial products company’s stock worth $1,589,000 after acquiring an additional 3,300 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Crown by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 458,924 shares of the industrial products company’s stock worth $27,409,000 after acquiring an additional 4,647 shares during the period. 90.08% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on CCK shares. Jefferies Group set a $70.00 price objective on shares of Crown and gave the stock a “buy” rating in a research note on Monday, August 28th. KeyCorp reiterated a “hold” rating on shares of Crown in a research note on Friday, November 10th. BMO Capital Markets reiterated a “buy” rating and issued a $65.00 price objective on shares of Crown in a research note on Monday, September 4th. Zacks Investment Research lowered shares of Crown from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Barclays increased their price objective on shares of Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $64.27.

Shares of Crown Holdings, Inc. (NYSE:CCK) opened at $58.19 on Thursday. The company has a market cap of $7,842.88, a price-to-earnings ratio of 14.75, a P/E/G ratio of 2.07 and a beta of 1.42. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. Crown Holdings, Inc. has a 52-week low of $51.76 and a 52-week high of $61.61.

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

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About Crown

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 (NYSE:CCK)

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