Investors Buy Crown (CCK) on Weakness

Traders purchased shares of Crown Holdings, Inc. (NYSE:CCK) on weakness during trading on Monday. $65.38 million flowed into the stock on the tick-up and $21.63 million flowed out of the stock on the tick-down, for a money net flow of $43.75 million into the stock. Of all companies tracked, Crown had the 8th highest net in-flow for the day. Crown traded down ($0.09) for the day and closed at $51.03

Several brokerages recently weighed in on CCK. TheStreet lowered Crown from a “b” rating to a “c” rating in a research report on Thursday. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Crown from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Vertical Research raised Crown from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Crown currently has an average rating of “Hold” and a consensus price target of $64.27.

The stock has a market cap of $6,864.17, a price-to-earnings ratio of 21.62, a PEG ratio of 1.66 and a beta of 1.42. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Crown had a return on equity of 56.47% and a net margin of 3.71%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. equities analysts anticipate that Crown Holdings, Inc. will post 4.41 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CCK. Toronto Dominion Bank increased its holdings in 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 purchasing an additional 185 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Crown by 155.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 1,400 shares in the last quarter. American International Group Inc. acquired a new stake in Crown in the 4th quarter valued at $169,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 863 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in Crown in the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.

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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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