Crown Holdings, Inc. (CCK) Shares Sold by Renaissance Group LLC

Renaissance Group LLC cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 523,517 shares of the industrial products company’s stock after selling 36,755 shares during the period. Renaissance Group LLC’s holdings in Crown were worth $29,448,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CCK. LSV Asset Management raised its stake in shares of Crown by 506.5% during the fourth quarter. LSV Asset Management now owns 1,069,908 shares of the industrial products company’s stock worth $60,182,000 after acquiring an additional 893,500 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Crown by 283.5% during 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 acquiring an additional 537,416 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Crown by 17.0% during the third quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock worth $124,157,000 after acquiring an additional 302,595 shares in the last quarter. Strs Ohio raised its stake in shares of Crown by 304.9% during the third quarter. Strs Ohio now owns 365,206 shares of the industrial products company’s stock worth $21,810,000 after acquiring an additional 275,000 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Crown by 56.3% during the third quarter. Artemis Investment Management LLP now owns 368,091 shares of the industrial products company’s stock worth $21,984,000 after acquiring an additional 132,646 shares in the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.

Crown Holdings, Inc. (NYSE CCK) opened at $52.20 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. The stock has a market cap of $7,403.81, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. Crown Holdings, Inc. has a 1 year low of $51.76 and a 1 year high of $62.27.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.02 billion. Crown had a net margin of 3.71% and a return on equity of 56.47%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. equities research analysts predict that Crown Holdings, Inc. will post 4.38 earnings per share for the current year.

Several research firms have commented on CCK. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. ValuEngine downgraded shares of Crown from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. UBS Group began coverage on shares of Crown in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Crown in a research note on Thursday, October 19th. Finally, Wells Fargo & Co lifted their target price on shares of Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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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