Bridgewater Associates LP cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 33.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,027 shares of the industrial products company’s stock after selling 4,026 shares during the quarter. Bridgewater Associates LP’s holdings in Crown Holdings were worth $479,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Crown Holdings by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock worth $632,833,000 after buying an additional 453,693 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Crown Holdings by 11.9% in the 1st quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock valued at $498,056,000 after purchasing an additional 997,113 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Crown Holdings by 3.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock valued at $480,762,000 after purchasing an additional 338,416 shares during the period. BlackRock Inc. raised its holdings in shares of Crown Holdings by 5,730.2% in the 1st quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock valued at $431,880,000 after purchasing an additional 8,016,500 shares during the period. Finally, Boston Partners raised its holdings in shares of Crown Holdings by 1.2% in the 2nd quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock valued at $331,756,000 after purchasing an additional 64,738 shares during the period. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

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CCK has been the topic of a number of research analyst reports. BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Vertical Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating and upped their target price for the company from $60.00 to $64.00 in a report on Friday, July 21st. Jefferies Group LLC set a $70.00 target price on shares of Crown Holdings and gave the company a “buy” rating in a report on Monday, August 28th. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.56.

Crown Holdings, Inc. (CCK) opened at 60.49 on Monday. The firm has a 50-day moving average of $58.67 and a 200 day moving average of $56.89. The company has a market capitalization of $8.18 billion, a PE ratio of 17.33 and a beta of 1.39. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $60.96.

Crown Holdings (NYSE:CCK) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Analysts forecast that Crown Holdings, Inc. will post $4.03 EPS for the current fiscal 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.

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

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