Nicola Wealth Management LTD. Has $12.75 Million Holdings in Crown Holdings, Inc. $CCK

Nicola Wealth Management LTD. cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 24.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,000 shares of the industrial products company’s stock after selling 43,000 shares during the period. Nicola Wealth Management LTD. owned approximately 0.11% of Crown worth $12,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of CCK. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Crown during the 3rd quarter worth approximately $15,472,000. LBP AM SA lifted its position in Crown by 13.4% during the 3rd quarter. LBP AM SA now owns 76,814 shares of the industrial products company’s stock worth $7,419,000 after buying an additional 9,098 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Crown by 15.8% during the 3rd quarter. CIBC Asset Management Inc now owns 5,995 shares of the industrial products company’s stock worth $579,000 after buying an additional 817 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Crown in the 3rd quarter valued at about $231,000. Finally, Oxbow Advisors LLC acquired a new stake in shares of Crown in the third quarter valued at about $2,851,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CCK. Truist Financial increased their price target on Crown from $126.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Wells Fargo & Company raised their target price on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Citigroup cut their price target on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Royal Bank Of Canada raised their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average target price of $119.62.

Crown Stock Performance

CCK opened at $104.47 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. The business has a fifty day simple moving average of $100.84 and a 200 day simple moving average of $99.10. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The company has a market capitalization of $12.05 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75.

Insider Transactions at Crown

In other Crown news, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the sale, the chief operating officer owned 96,841 shares of the company’s stock, valued at $9,782,877.82. The trade was a 16.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the transaction, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. This represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 57,254 shares of company stock valued at $5,933,134. 0.90% of the stock is currently owned by company insiders.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.