Jackson Creek Investment Advisors LLC Invests $1.72 Million in Crown Holdings, Inc. $CCK

Jackson Creek Investment Advisors LLC bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK) in the 3rd quarter, Holdings Channel.com reports. The firm bought 17,774 shares of the industrial products company’s stock, valued at approximately $1,717,000.

Other large investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in Crown by 103.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 134 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares in the last quarter. Quent Capital LLC purchased a new position in Crown during the third quarter valued at $34,000. Root Financial Partners LLC purchased a new position in Crown during the third quarter valued at $37,000. Finally, Mather Group LLC. bought a new stake in Crown in the 3rd quarter valued at $39,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer directly owned 482,236 shares of the company’s stock, valued at $50,634,780. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the sale, the chief operating officer directly owned 96,841 shares in the company, valued at approximately $9,782,877.82. This represents a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 64,754 shares of company stock valued at $6,720,634. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on CCK shares. Wells Fargo & Company increased their price objective on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. UBS Group increased their price target on Crown from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price objective (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $119.62.

Crown Price Performance

NYSE:CCK opened at $107.70 on Tuesday. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.21 and a beta of 0.73. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The business has a 50 day simple moving average of $101.75 and a 200-day simple moving average of $99.04. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.