SG Americas Securities LLC Decreases Stake in Crown Holdings, Inc. (CCK)

SG Americas Securities LLC trimmed its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,548 shares of the industrial products company’s stock after selling 5,999 shares during the period. SG Americas Securities LLC’s holdings in Crown were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCK. Janus Henderson Group PLC grew its position in Crown by 6,932.0% during the second quarter. Janus Henderson Group PLC now owns 6,536,851 shares of the industrial products company’s stock valued at $389,988,000 after buying an additional 6,443,892 shares during the period. Lazard Asset Management LLC boosted its position in shares of Crown by 8.7% in the second quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock worth $610,074,000 after purchasing an additional 819,689 shares during the period. Victory Capital Management Inc. boosted its position in shares of Crown by 17.1% in the second quarter. Victory Capital Management Inc. now owns 4,005,148 shares of the industrial products company’s stock worth $238,947,000 after purchasing an additional 584,647 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Crown by 283.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 726,995 shares of the industrial products company’s stock worth $43,416,000 after purchasing an additional 537,416 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of Crown in the second quarter worth approximately $24,544,000. Institutional investors own 90.08% of the company’s stock.

Shares of Crown Holdings, Inc. (NYSE CCK) traded down $0.42 during trading hours on Thursday, hitting $59.34. 517,700 shares of the company were exchanged, compared to its average volume of 776,914. 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, Inc. has a 12-month low of $51.70 and a 12-month high of $61.61. The company has a market capitalization of $7,970.00, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. Crown’s revenue for the quarter was up 6.1% on a year-over-year basis. equities research analysts anticipate that Crown Holdings, Inc. will post 4.03 EPS for the current year.

A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. UBS assumed coverage on shares of Crown in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Crown in a research report on Friday, November 10th. Barclays upped their price target on shares of Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Finally, Wells Fargo & Company upped their price target on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.27.

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

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