Crown Holdings, Inc. (NYSE:CCK) Holdings Trimmed by Lyrical Asset Management LP


Share on StockTwits

Lyrical Asset Management LP decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,391,536 shares of the industrial products company’s stock after selling 13,935 shares during the quarter. Crown makes up 4.7% of Lyrical Asset Management LP’s investment portfolio, making the stock its 7th biggest holding. Lyrical Asset Management LP owned approximately 2.52% of Crown worth $339,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of CCK. Jennison Associates LLC increased its holdings in Crown by 50.3% during the 4th quarter. Jennison Associates LLC now owns 1,407,333 shares of the industrial products company’s stock worth $141,015,000 after purchasing an additional 470,928 shares during the period. JPMorgan Chase & Co. increased its holdings in Crown by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,262,157 shares of the industrial products company’s stock worth $707,258,000 after purchasing an additional 402,130 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in Crown by 89.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 806,151 shares of the industrial products company’s stock worth $61,961,000 after purchasing an additional 381,227 shares during the period. Assenagon Asset Management S.A. increased its holdings in Crown by 1,427.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 383,869 shares of the industrial products company’s stock worth $38,464,000 after purchasing an additional 358,745 shares during the period. Finally, Bain Capital Public Equity Management II LLC increased its holdings in shares of Crown by 26.2% in the 3rd quarter. Bain Capital Public Equity Management II LLC now owns 1,219,247 shares of the industrial products company’s stock valued at $93,711,000 after acquiring an additional 253,398 shares during the last quarter. Institutional investors own 87.90% of the company’s stock.

Crown stock traded down $2.62 during mid-day trading on Tuesday, reaching $97.54. 6,223 shares of the company were exchanged, compared to its average volume of 983,885. Crown Holdings, Inc. has a twelve month low of $42.97 and a twelve month high of $101.95. The firm’s 50-day simple moving average is $95.79 and its two-hundred day simple moving average is $88.54. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.74 and a current ratio of 1.19. The firm has a market cap of $13.14 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 2.99 and a beta of 1.14.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, February 8th. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.22. Crown had a return on equity of 33.90% and a net margin of 4.52%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 5.71 EPS for the current year.

CCK has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Crown from $104.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, January 20th. Morgan Stanley increased their price objective on Crown from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Citigroup increased their price objective on Crown from $117.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Zacks Investment Research downgraded Crown from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a report on Tuesday, December 22nd. Finally, Wells Fargo & Company increased their price objective on Crown from $107.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $104.77.

Crown Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

Recommended Story: Initial Coin Offering (ICO)

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.