Crown Holdings, Inc. (CCK) Shares Sold by Credit Suisse AG

Credit Suisse AG lessened its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 463,284 shares of the industrial products company’s stock after selling 69,359 shares during the quarter. Credit Suisse AG owned approximately 0.34% of Crown worth $22,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Crown by 2.4% during the 3rd quarter. BlackRock Inc. now owns 7,739,341 shares of the industrial products company’s stock worth $371,487,000 after acquiring an additional 183,173 shares during the last quarter. CI Global Investments Inc. boosted its stake in shares of Crown by 7.9% during the 3rd quarter. CI Global Investments Inc. now owns 7,396,847 shares of the industrial products company’s stock worth $355,049,000 after acquiring an additional 542,104 shares during the last quarter. FMR LLC boosted its stake in shares of Crown by 66.3% during the 3rd quarter. FMR LLC now owns 5,846,001 shares of the industrial products company’s stock worth $280,608,000 after acquiring an additional 2,330,692 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Crown by 16.9% during the 3rd quarter. Janus Henderson Group PLC now owns 5,136,465 shares of the industrial products company’s stock worth $246,550,000 after acquiring an additional 743,969 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of Crown by 2.1% during the 2nd quarter. Boston Partners now owns 3,204,988 shares of the industrial products company’s stock valued at $143,455,000 after buying an additional 66,751 shares in the last quarter.

A number of research firms recently weighed in on CCK. Credit Suisse Group upgraded shares of Crown from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $53.00 to $57.00 in a research note on Monday, November 12th. Bank of America upgraded shares of Crown from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Friday, November 9th. ValuEngine upgraded shares of Crown from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. TheStreet cut shares of Crown from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Finally, Wells Fargo & Co upgraded shares of Crown from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.56.

CCK opened at $51.28 on Monday. The company has a debt-to-equity ratio of 6.82, a quick ratio of 0.68 and a current ratio of 1.14. Crown Holdings, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $62.27. The firm has a market cap of $6.93 billion, a P/E ratio of 12.72, a PEG ratio of 1.41 and a beta of 1.46.

Crown (NYSE:CCK) last released its earnings results on Wednesday, October 17th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Crown had a net margin of 2.81% and a return on equity of 59.62%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company earned $1.46 EPS. Crown’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities analysts expect that Crown Holdings, Inc. will post 5.2 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Crown Holdings, Inc. (CCK) Shares Sold by Credit Suisse AG” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.com-unik.info/2018/12/03/crown-holdings-inc-cck-shares-sold-by-credit-suisse-ag.html.

Crown Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.

See Also: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK).

Institutional Ownership by Quarter for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit