Strategic Financial Concepts LLC Buys Shares of 14,223 Crown Holdings, Inc. (NYSE:CCK)

Strategic Financial Concepts LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,223 shares of the industrial products company's stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock valued at $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group purchased a new position in shares of Crown during the third quarter valued at approximately $44,000. GAMMA Investing LLC lifted its stake in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after buying an additional 261 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Crown during the third quarter valued at approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Crown during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Stock Down 1.5 %

CCK traded down $1.34 during trading hours on Friday, reaching $87.33. 1,884,481 shares of the stock traded hands, compared to its average volume of 1,365,361. The firm's fifty day simple moving average is $85.26 and its two-hundred day simple moving average is $89.40. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.55 and a beta of 0.87. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.59% and a return on equity of 25.12%. As a group, analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCK has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price target on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Bank of America dropped their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Crown 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.