Strategic Financial Concepts LLC Takes $1.18 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Strategic Financial Concepts LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 14,223 shares of the industrial products company’s stock, valued at approximately $1,176,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in Crown by 9.3% in the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after buying an additional 749,085 shares during the period. Victory Capital Management Inc. boosted its position in shares of Crown by 7.8% during the 3rd 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 in the last quarter. State Street Corp increased its stake 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 acquiring an additional 69,260 shares during the last quarter. Pacer Advisors Inc. raised 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 valued at $256,762,000 after purchasing an additional 3,074,791 shares in the last quarter. Finally, Metropolis Capital Ltd lifted 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 last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

NYSE CCK opened at $89.24 on Wednesday. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.68 and a beta of 0.87. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The stock has a fifty day simple moving average of $85.21 and a 200 day simple moving average 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 issued its quarterly earnings data 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 return on equity of 25.12% and a net margin of 3.59%. Sell-side analysts expect that Crown Holdings, Inc. will post 6.83 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CCK shares. Wells Fargo & Company boosted their price target on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Bank of America dropped their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Barclays decreased their price target on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, Mizuho decreased their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.69.

Crown Company 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.