Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Cobblestone Capital Advisors LLC NY


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Cobblestone Capital Advisors LLC NY trimmed its holdings in Crown Holdings, Inc. (NYSE:CCK) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,404 shares of the industrial products company’s stock after selling 1,193 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Crown were worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Graves Light Private Wealth Management Inc. acquired a new stake in Crown during the fourth quarter worth about $26,000. NuWave Investment Management LLC acquired a new stake in Crown during the third quarter worth about $31,000. O Shaughnessy Asset Management LLC increased its position in Crown by 87.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 399 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 186 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in Crown during the third quarter worth about $48,000. Finally, Crescent Capital Consulting LLC acquired a new stake in Crown during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 87.90% of the company’s stock.

Shares of NYSE CCK traded down $2.07 during midday trading on Tuesday, hitting $98.09. The company’s stock had a trading volume of 7,941 shares, compared to its average volume of 983,885. The business’s fifty 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 current ratio of 1.19 and a quick ratio of 0.74. Crown Holdings, Inc. has a 1 year low of $42.97 and a 1 year high of $101.95. The firm has a market capitalization of $13.22 billion, a price-to-earnings 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.22. Crown had a net margin of 4.52% and a return on equity of 33.90%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that Crown Holdings, Inc. will post 5.71 EPS for the current fiscal year.

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

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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