Private Advisor Group LLC increased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 12.7% during the first quarter, HoldingsChannel reports. The firm owned 18,274 shares of the industrial products company’s stock after acquiring an additional 2,064 shares during the quarter. Private Advisor Group LLC’s holdings in Crown were worth $996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massey Quick Simon & CO. LLC purchased a new position in Crown in the 1st quarter worth approximately $26,000. First Personal Financial Services lifted its holdings in Crown by 178.7% in the 1st quarter. First Personal Financial Services now owns 577 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 370 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Crown in the 4th quarter worth approximately $30,000. IFP Advisors Inc lifted its holdings in Crown by 358.7% in the 4th quarter. IFP Advisors Inc now owns 899 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 703 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in Crown by 61.5% in the 1st quarter. First Hawaiian Bank now owns 1,641 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 625 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Shares of CCK opened at $57.94 on Friday. The company has a market cap of $7.84 billion, a PE ratio of 11.14, a PEG ratio of 1.57 and a beta of 1.59. Crown Holdings, Inc. has a 1 year low of $39.05 and a 1 year high of $61.40. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.65 and a current ratio of 1.20.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Crown had a return on equity of 54.33% and a net margin of 3.86%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. As a group, equities analysts forecast that Crown Holdings, Inc. will post 5.29 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. Wells Fargo & Co set a $70.00 price objective on Crown and gave the stock a “hold” rating in a report on Friday, May 17th. Morgan Stanley set a $56.00 price objective on Crown and gave the stock a “hold” rating in a report on Wednesday, April 17th. Deutsche Bank upped their price objective on Crown from $60.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Zacks Investment Research raised Crown from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, TheStreet raised Crown from a “c+” rating to a “b-” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.67.

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $60.79, for a total value of $607,900.00. Following the transaction, the chief operating officer now owns 152,292 shares of the company’s stock, valued at approximately $9,257,830.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John W. Conway sold 129,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $58.06, for a total value of $7,489,740.00. Following the completion of the transaction, the director now directly owns 1,156,677 shares in the company, valued at approximately $67,156,666.62. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

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Crown Company Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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