Comerica Bank lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 84.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,565 shares of the industrial products company’s stock after buying an additional 13,974 shares during the period. Comerica Bank’s holdings in Crown were worth $1,363,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CCK. FMR LLC boosted its position in shares of Crown by 478.0% during the second quarter. FMR LLC now owns 3,515,309 shares of the industrial products company’s stock valued at $157,345,000 after buying an additional 2,907,112 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Crown by 75,664.0% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,235,037 shares of the industrial products company’s stock valued at $100,040,000 after buying an additional 2,232,087 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Crown by 11,712.0% during the third quarter. Sterling Capital Management LLC now owns 1,826,131 shares of the industrial products company’s stock valued at $87,654,000 after buying an additional 1,810,671 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Crown by 70,046.1% during the second quarter. Schroder Investment Management Group now owns 1,609,151 shares of the industrial products company’s stock valued at $71,688,000 after buying an additional 1,606,857 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Crown by 68.8% during the second quarter. Strs Ohio now owns 1,116,597 shares of the industrial products company’s stock valued at $49,978,000 after buying an additional 455,000 shares during the last quarter.

CCK stock opened at $50.05 on Thursday. The company has a debt-to-equity ratio of 6.82, a quick ratio of 0.68 and a current ratio of 1.14. Crown Holdings, Inc. has a 1-year low of $40.09 and a 1-year high of $62.27. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 17th. The industrial products company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Crown had a return on equity of 59.62% and a net margin of 2.81%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The business’s revenue was up 28.6% on a year-over-year basis. As a group, research analysts predict that Crown Holdings, Inc. will post 5.2 earnings per share for the current year.

Several research analysts recently issued reports on CCK shares. Zacks Investment Research raised Crown from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Citigroup lifted their target price on Crown from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 19th. Bank of America raised Crown from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Friday, November 9th. Credit Suisse Group raised Crown from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $53.00 to $57.00 in a research report on Monday, November 12th. Finally, ValuEngine raised Crown from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Crown has an average rating of “Buy” and a consensus target price of $60.56.

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Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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