State of Alaska Department of Revenue Purchases Shares of 5,386 Silgan Holdings Inc. (SLGN)
State of Alaska Department of Revenue purchased a new position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,386 shares of the industrial products company’s stock, valued at approximately $158,000.
Other large investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Silgan during the 3rd quarter worth $167,000. Breton Hill Capital Ltd. acquired a new position in shares of Silgan during the 3rd quarter worth $218,000. Victory Capital Management Inc. raised its stake in shares of Silgan by 73.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,638 shares of the industrial products company’s stock worth $225,000 after buying an additional 3,228 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Silgan in the 3rd quarter valued at about $264,000. Finally, Stevens Capital Management LP acquired a new position in Silgan in the 3rd quarter valued at about $266,000. 66.45% of the stock is owned by institutional investors and hedge funds.
Shares of Silgan Holdings Inc. (NASDAQ SLGN) opened at $27.79 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.38 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $3,070.00, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.37 and a beta of 0.49. Silgan Holdings Inc. has a fifty-two week low of $27.21 and a fifty-two week high of $32.50.
Several brokerages recently weighed in on SLGN. Bank of America boosted their target price on shares of Silgan from $32.00 to $33.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Zacks Investment Research downgraded shares of Silgan from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. BMO Capital Markets reissued a “buy” rating and issued a $34.00 target price on shares of Silgan in a research note on Monday, November 20th. Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Silgan in a research note on Friday, October 27th. Finally, KeyCorp reissued a “hold” rating on shares of Silgan in a research note on Sunday, October 29th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.70.
In other Silgan news, Director William C. Jennings sold 25,642 shares of Silgan stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total value of $727,719.96. Following the completion of the sale, the director now owns 42,180 shares in the company, valued at approximately $1,197,068.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 33.10% of the stock is owned by insiders.
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Silgan Company Profile
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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