24,473 Shares in Crown Holdings, Inc. (NYSE:CCK) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,473 shares of the industrial products company’s stock, valued at approximately $2,024,000.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Crown by 10,138.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Metropolis Capital Ltd increased its stake in Crown by 269.7% during the third quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock valued at $139,578,000 after acquiring an additional 1,062,001 shares during the period. Jennison Associates LLC raised its holdings in Crown by 125.0% in the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock valued at $129,698,000 after acquiring an additional 751,530 shares in the last quarter. FMR LLC grew its holdings 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 in the last quarter. Finally, Swedbank AB boosted its stake in Crown by 379.3% during the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock worth $56,870,000 after buying an additional 544,246 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of analyst reports. Citigroup raised their price target on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Truist Financial raised their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Bank of America lowered their price target on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Loop Capital lifted their target price on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Robert W. Baird raised their price target on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.69.

Crown Price Performance

CCK opened at $88.19 on Tuesday. The company has a fifty day simple moving average of $85.36 and a 200 day simple moving average of $89.37. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The stock has a market cap of $10.55 billion, a P/E ratio of 24.77, 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.

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

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.