Oxbow Advisors LLC Invests $2.85 Million in Crown Holdings, Inc. $CCK

Oxbow Advisors LLC acquired a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,518 shares of the industrial products company’s stock, valued at approximately $2,851,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Crown by 19.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 104 shares during the period. Geneos Wealth Management Inc. increased its stake in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. ProShare Advisors LLC lifted its position in Crown by 2.3% during the second quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after buying an additional 113 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Crown by 1.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after buying an additional 114 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Crown by 103.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after buying an additional 134 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Stock Up 1.8%

Crown stock traded up $1.86 during midday trading on Friday, hitting $104.17. 940,453 shares of the company were exchanged, compared to its average volume of 890,901. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company’s fifty day moving average price is $100.65 and its 200-day moving average price is $99.25. The company has a market cap of $12.02 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the transaction, the chief executive officer owned 411,556 shares in the company, valued at $43,213,380. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the sale, the chief operating officer owned 96,841 shares of the company’s stock, valued at $9,782,877.82. This represents a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,254 shares of company stock valued at $5,933,134 over the last 90 days. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CCK has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Royal Bank Of Canada boosted their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.62.

Crown Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.