Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its stake in Crown Holdings, Inc. (NYSE:CCK) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,359 shares of the industrial products company’s stock after selling 725 shares during the quarter. Thompson Investment Management Inc.’s holdings in Crown were worth $195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCK. FMR LLC lifted its stake in shares of Crown by 9.3% during the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after purchasing an additional 749,085 shares during the period. Victory Capital Management Inc. boosted its position in shares of Crown by 7.8% in the third quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock worth $544,301,000 after acquiring an additional 412,973 shares during the last quarter. State Street Corp grew its holdings in Crown by 1.8% in the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock valued at $383,559,000 after purchasing an additional 69,260 shares during the period. Pacer Advisors Inc. increased its position in Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after purchasing an additional 3,074,791 shares during the last quarter. Finally, Metropolis Capital Ltd raised its stake in Crown by 68.7% during the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock worth $203,116,000 after purchasing an additional 1,000,605 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CCK. Barclays increased their target price on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. UBS Group reduced their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Robert W. Baird increased their target price on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Bank of America cut their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Crown Trading Down 0.4 %

CCK opened at $87.01 on Monday. The firm’s fifty day moving average price is $85.45 and its 200 day moving average price is $89.34. The stock has a market capitalization of $10.41 billion, a PE ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.87. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.84.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating 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, research analysts expect that Crown Holdings, Inc. will post 6.83 EPS for the current fiscal year.

Crown Profile

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.