Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Crown Holdings, Inc. (NYSE:CCK) by 45.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,600 shares of the industrial products company’s stock after selling 9,849 shares during the period. Nisa Investment Advisors LLC’s holdings in Crown Holdings were worth $673,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Creative Planning boosted its stake in shares of Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after buying an additional 23 shares in the last quarter. Cadence Capital Management LLC acquired a new stake in shares of Crown Holdings during the first quarter worth $200,000. Daiwa Securities Group Inc. boosted its stake in shares of Crown Holdings by 14.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the industrial products company’s stock worth $207,000 after buying an additional 500 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Crown Holdings during the first quarter worth $207,000. Finally, Pennsylvania Trust Co acquired a new stake in shares of Crown Holdings during the second quarter worth $251,000. Hedge funds and other institutional investors own 92.98% of the company’s stock.

Crown Holdings, Inc. (NYSE CCK) opened at 57.69 on Friday. Crown Holdings, Inc. has a one year low of $51.57 and a one year high of $60.96. The stock has a 50 day moving average of $59.36 and a 200-day moving average of $56.17. The stock has a market cap of $7.81 billion, a P/E ratio of 16.53 and a beta of 1.39.

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

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

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.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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