Two Sigma Securities LLC increased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 1,101.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,886 shares of the industrial products company’s stock after buying an additional 5,396 shares during the period. Two Sigma Securities LLC’s holdings in Crown were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCK. FMR LLC raised its position in Crown by 66.3% during the third quarter. FMR LLC now owns 5,846,001 shares of the industrial products company’s stock valued at $280,608,000 after purchasing an additional 2,330,692 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Crown by 101.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,506,183 shares of the industrial products company’s stock valued at $216,297,000 after purchasing an additional 2,271,146 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Crown by 47.8% during the third quarter. TIAA CREF Investment Management LLC now owns 4,900,973 shares of the industrial products company’s stock valued at $235,247,000 after purchasing an additional 1,585,959 shares in the last quarter. DNB Asset Management AS raised its position in Crown by 4,966.1% during the fourth quarter. DNB Asset Management AS now owns 895,679 shares of the industrial products company’s stock valued at $37,233,000 after purchasing an additional 877,999 shares in the last quarter. Finally, Goldentree Asset Management LP acquired a new position in Crown during the third quarter valued at approximately $16,516,000.
Shares of NYSE:CCK remained flat at $$56.73 during trading on Monday. 852,892 shares of the stock traded hands, compared to its average volume of 1,437,859. The firm has a market capitalization of $7.68 billion, a P/E ratio of 10.91, a PEG ratio of 1.53 and a beta of 1.66. The company has a quick ratio of 0.61, a current ratio of 1.04 and a debt-to-equity ratio of 6.62. Crown Holdings, Inc. has a 52 week low of $39.05 and a 52 week high of $57.32.
In related news, Director John W. Conway sold 129,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $53.51, for a total value of $6,902,790.00. Following the sale, the director now owns 1,155,464 shares of the company’s stock, valued at $61,828,878.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David A. Beaver sold 10,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $53.24, for a total transaction of $532,400.00. Following the completion of the sale, the vice president now directly owns 21,417 shares in the company, valued at approximately $1,140,241.08. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
CCK has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Crown from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine upgraded shares of Crown from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Morgan Stanley assumed coverage on shares of Crown in a report on Wednesday, January 16th. They set an “equal weight” rating and a $49.00 price target for the company. Deutsche Bank set a $60.00 price target on shares of Crown and gave the stock a “buy” rating in a report on Friday, February 8th. Finally, TheStreet upgraded shares of Crown from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.22.
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Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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