14,223 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,223 shares of the industrial products company’s stock, valued at approximately $1,176,000.

A number of other large investors have also recently bought and sold shares of CCK. Tidal Investments LLC lifted its position in shares of Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 12,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Crown by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock worth $23,878,000 after buying an additional 10,295 shares in the last quarter. Jensen Investment Management Inc. lifted its position in Crown by 7.8% during the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock worth $9,676,000 after buying an additional 7,280 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Crown by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after buying an additional 176,959 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after acquiring an additional 412,973 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 1.4 %

Shares of CCK stock opened at $89.24 on Wednesday. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The company has a market capitalization of $10.68 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The firm has a 50 day moving average price of $85.21 and a two-hundred day moving average price of $89.41. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, analysts predict that Crown Holdings, Inc. will post 6.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CCK. Barclays reduced their price target on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Bank of America decreased their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, UBS Group dropped their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $105.69.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.