Vident Investment Advisory LLC acquired a new position in Crown Holdings, Inc. (NYSE:CCK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,052 shares of the industrial products company’s stock, valued at approximately $361,000.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of Crown by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after buying an additional 185 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Crown by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock valued at $304,000 after buying an additional 351 shares in the last quarter. Stifel Financial Corp increased its position in shares of Crown by 1.8% in the 2nd quarter. Stifel Financial Corp now owns 22,247 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 395 shares in the last quarter. Commerce Bank increased its position in shares of Crown by 1.8% in the 2nd quarter. Commerce Bank now owns 30,261 shares of the industrial products company’s stock valued at $1,805,000 after buying an additional 536 shares in the last quarter. Finally, GAM Holding AG increased its position in shares of Crown by 10.5% in the 2nd quarter. GAM Holding AG now owns 6,226 shares of the industrial products company’s stock valued at $371,000 after buying an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

A number of analysts recently commented on the stock. ValuEngine cut shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price objective for the company. Zacks Investment Research cut shares of Crown from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of Crown in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Crown from $57.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.27.

Crown Holdings, Inc. (CCK) opened at $57.78 on Tuesday. The firm has a market cap of $7,769.03, a price-to-earnings ratio of 14.61, a P/E/G ratio of 2.05 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 earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.41. The firm had revenue of $2.47 billion during 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 company’s revenue for the quarter was up 6.1% compared to the same quarter last year. 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 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 (NYSE:CCK)

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