First Manhattan Co. held its stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the second quarter, Holdings Channel reports. The firm owned 3,001 shares of the industrial products company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Crown Holdings were worth $179,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Crown Holdings by 5,730.2% in the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock worth $431,880,000 after buying an additional 8,016,500 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock worth $498,056,000 after buying an additional 997,113 shares during the last quarter. Boston Partners boosted its position in shares of Crown Holdings by 17.3% in the first quarter. Boston Partners now owns 5,496,044 shares of the industrial products company’s stock worth $291,016,000 after buying an additional 810,314 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Crown Holdings by 14.1% in the first quarter. Janus Capital Management LLC now owns 3,988,346 shares of the industrial products company’s stock worth $211,183,000 after buying an additional 492,530 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Crown Holdings by 3.9% in the first 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 during the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.

Crown Holdings, Inc. (NYSE CCK) opened at 58.16 on Friday. Crown Holdings, Inc. has a 52 week low of $51.57 and a 52 week high of $60.96. The firm has a 50-day moving average of $59.42 and a 200 day moving average of $56.02. The firm has a market capitalization of $7.87 billion, a PE ratio of 16.66 and a beta of 1.39.

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

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A number of equities analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 target price (up from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 target price (up from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. BidaskClub cut shares of Crown Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine cut shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Crown Holdings has an average rating of “Hold” and a consensus price target of $64.56.

In related news, VP David A. Beaver sold 1,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $56.05, for a total transaction of $56,050.00. Following the transaction, the vice president now directly owns 2,398 shares in the company, valued at $134,407.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

About Crown Holdings

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 Holdings (NYSE:CCK)

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