Amalgamated Bank lifted its stake in Crown Holdings (NYSE:CCK) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,573 shares of the industrial products company’s stock after purchasing an additional 1,091 shares during the period. Amalgamated Bank’s holdings in Crown were worth $1,438,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of Crown by 155.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 1,400 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Crown by 40.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,988 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 863 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Crown in the 4th quarter worth $169,000. First Republic Investment Management Inc. purchased a new stake in shares of Crown in the 3rd quarter worth $205,000. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Crown in the 3rd quarter worth $223,000. Hedge funds and other institutional investors own 89.37% of the company’s stock.
A number of brokerages have issued reports on CCK. KeyCorp reiterated a “hold” rating on shares of Crown in a research note on Tuesday, December 19th. Vertical Research upgraded Crown from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered Crown from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, TheStreet lowered Crown from a “b” rating to a “c” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.80.
Shares of Crown stock traded down $0.78 during trading on Monday, reaching $49.97. 1,058,170 shares of the stock traded hands, compared to its average volume of 1,718,008. The firm has a market cap of $6,816.20, a price-to-earnings ratio of 12.34, a PEG ratio of 1.64 and a beta of 1.43. The company has a quick ratio of 0.52, a current ratio of 0.95 and a debt-to-equity ratio of 5.65. Crown Holdings has a 52-week low of $48.26 and a 52-week high of $62.27.
Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.02 billion. Crown had a return on equity of 57.14% and a net margin of 3.71%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. equities analysts expect that Crown Holdings will post 4.41 EPS for the current fiscal year.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps.
Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.