Sei Investments Co. Increases Position in Crown Holdings, Inc. (CCK)
Sei Investments Co. boosted its stake in Crown Holdings, Inc. (NYSE:CCK) by 210.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,148 shares of the industrial products company’s stock after acquiring an additional 73,940 shares during the period. Sei Investments Co. owned about 0.08% of Crown Holdings worth $6,518,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in Crown Holdings by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 185 shares during the last quarter. Creative Planning lifted its position in Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 23 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in Crown Holdings in the third quarter valued at $207,000. Acrospire Investment Management LLC lifted its position in Crown Holdings by 1,990.5% in the second quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock valued at $249,000 after acquiring an additional 3,981 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Crown Holdings in the second quarter valued at $255,000. 90.74% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on CCK shares. BidaskClub lowered shares of Crown Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $70.00 price objective on shares of Crown Holdings and gave the company a “buy” rating in a research note on Monday, August 28th. BMO Capital Markets reiterated a “buy” rating and set a $65.00 price target on shares of Crown Holdings in a research note on Monday, September 4th. Finally, KeyCorp reiterated a “hold” rating on shares of Crown Holdings in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.20.
Shares of Crown Holdings, Inc. (NYSE CCK) opened at $58.97 on Friday. The company has a market cap of $7,893.90, a PE ratio of 14.85, a P/E/G ratio of 2.08 and a beta of 1.44. Crown Holdings, Inc. has a fifty-two week low of $51.57 and a fifty-two week high of $61.61. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60.
Crown Holdings (NYSE:CCK) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. Crown Holdings had a net margin of 5.64% and a return on equity of 60.44%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. analysts forecast that Crown Holdings, Inc. will post 4.03 EPS for the current year.
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Crown Holdings 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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