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

Thompson Investment Management Inc. decreased its position in Crown Holdings, Inc. (NYSE:CCK) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,359 shares of the industrial products company’s stock after selling 725 shares during the period. Thompson Investment Management Inc.’s holdings in Crown were worth $195,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Tidal Investments LLC increased its position in Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after acquiring an additional 12,058 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Crown by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after purchasing an additional 10,295 shares during the period. Jensen Investment Management Inc. raised its stake in shares of Crown by 7.8% during the third quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after purchasing an additional 7,280 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings 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 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 Price Performance

Shares of CCK opened at $87.01 on Monday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.84. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.87. The business’s 50-day moving average is $85.45 and its 200-day moving average is $89.34. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Robert W. Baird increased their price objective on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. UBS Group decreased their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Mizuho reduced their target price on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

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.