Round Table Services LLC Purchases New Stake in Crown Holdings, Inc. (CCK)

Round Table Services LLC bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,522 shares of the industrial products company’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently bought and sold shares of CCK. Silvercrest Asset Management Group LLC raised its stake in Crown Holdings by 0.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,214 shares of the industrial products company’s stock valued at $274,000 after buying an additional 14 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Crown Holdings by 1.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,932 shares of the industrial products company’s stock valued at $207,000 after buying an additional 52 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Crown Holdings by 2.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,554 shares of the industrial products company’s stock valued at $203,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System raised its stake in Crown Holdings by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 11,900 shares of the industrial products company’s stock valued at $626,000 after buying an additional 100 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock valued at $105,000 after buying an additional 191 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

Shares of Crown Holdings, Inc. (NYSE:CCK) traded down 0.09% during mid-day trading on Thursday, hitting $54.81. The stock had a trading volume of 1,476,270 shares. The firm has a market cap of $7.59 billion, a P/E ratio of 15.40 and a beta of 1.35. Crown Holdings, Inc. has a 12-month low of $48.04 and a 12-month high of $57.49. The company has a 50 day moving average price of $53.33 and a 200 day moving average price of $53.74.

Crown Holdings (NYSE:CCK) last released its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Crown Holdings had a return on equity of 83.94% and a net margin of 5.99%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Equities analysts forecast that Crown Holdings, Inc. will post $3.92 earnings per share for the current fiscal year.

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Several research firms have weighed in on CCK. Credit Suisse Group AG set a $60.00 target price on Crown Holdings and gave the company a “hold” rating in a report on Saturday, February 4th. Jefferies Group LLC restated a “buy” rating and issued a $62.00 price objective on shares of Crown Holdings in a research report on Sunday, April 2nd. Zacks Investment Research downgraded Crown Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Citigroup Inc restated a “buy” rating and issued a $63.00 price objective (up from $62.00) on shares of Crown Holdings in a research report on Friday, April 14th. Finally, BMO Capital Markets restated a “buy” rating and issued a $65.00 price objective on shares of Crown Holdings in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Crown Holdings has an average rating of “Buy” and a consensus price target of $61.78.

In other Crown Holdings news, insider Thomas A. Kelly sold 40,000 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $53.18, for a total value of $2,127,200.00. Following the completion of the sale, the insider now owns 115,256 shares of the company’s stock, valued at $6,129,314.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

5 Day Chart for NYSE:CCK

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