ZURICH: Swiss National Bank trimmed its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 504,433 shares of the industrial products company’s stock after selling 4,500 shares during the period. Swiss National Bank owned about 375,685.56% of Crown worth $30,125,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Creative Planning grew its position in Crown 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 purchasing an additional 23 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Crown by 12.1% in the 2nd 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 period. James Investment Research Inc. lifted its stake in shares of Crown by 2.0% during the 2nd quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock worth $1,056,000 after buying an additional 340 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Crown by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock worth $304,000 after buying an additional 351 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Crown by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 22,247 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 395 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Crown Holdings, Inc. (CCK) traded down $0.22 during midday trading on Friday, hitting $59.51. 499,662 shares of the stock traded hands, compared to its average volume of 499,672. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $61.61. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04. The company has a market cap of $7,990.59, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.43.
Crown (NYSE:CCK) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. Crown had a net margin of 5.64% and a return on equity of 60.44%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. equities analysts forecast that Crown Holdings, Inc. will post 4.03 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. Jefferies Group set a $70.00 target price on shares of Crown and gave the stock a “buy” rating in a research note on Monday, August 28th. ValuEngine cut shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Crown from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Crown in a report on Tuesday, October 3rd. Finally, UBS began coverage on shares of Crown in a report on Wednesday. They set a “neutral” rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Crown has an average rating of “Hold” and an average target price of $64.27.
