The Manufacturers Life Insurance Company grew its stake in Crown Holdings, Inc. (NYSE:CCK) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,103 shares of the industrial products company’s stock after acquiring an additional 351 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Crown were worth $304,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its stake in shares of Crown by 3.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,776,396 shares of the industrial products company’s stock valued at $105,980,000 after acquiring an additional 57,124 shares during the period. Bank of New York Mellon Corp increased its stake in Crown by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 917,015 shares of the industrial products company’s stock worth $54,710,000 after buying an additional 8,287 shares during the period. Sentry Investments Corp. increased its stake in Crown by 5.9% during the 2nd quarter. Sentry Investments Corp. now owns 1,366,200 shares of the industrial products company’s stock worth $81,507,000 after buying an additional 76,600 shares during the period. SG Americas Securities LLC increased its stake in Crown by 35.9% during the 2nd quarter. SG Americas Securities LLC now owns 18,547 shares of the industrial products company’s stock worth $1,107,000 after buying an additional 4,899 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Crown by 2.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 398,637 shares of the industrial products company’s stock worth $23,783,000 after buying an additional 9,440 shares during the period. 90.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Holdings, Inc. (CCK) opened at $59.51 on Monday. Crown Holdings, Inc. has a 52-week low of $51.57 and a 52-week high of $61.61. The company has a debt-to-equity ratio of 4.60, a current ratio of 1.04 and a quick ratio of 0.57. The company has a market cap of $7,990.00, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.42.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that Crown Holdings, Inc. will post 4.03 earnings per share for the current year.

Several equities research analysts recently weighed in on CCK shares. Zacks Investment Research raised shares of Crown from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 target price on shares of Crown in a research note on Monday, September 4th. Jefferies Group set a $70.00 target price on shares of Crown and gave the stock a “buy” rating in a research note on Monday, August 28th. KeyCorp reaffirmed a “hold” rating on shares of Crown in a research note on Thursday, October 19th. Finally, ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.27.

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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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