Kingsview Wealth Management LLC Buys Shares of 24,473 Crown Holdings, Inc. (NYSE:CCK)

Kingsview Wealth Management LLC acquired a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,473 shares of the industrial products company's stock, valued at approximately $2,024,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCK. GAMMA Investing LLC increased its stake in Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after purchasing an additional 163 shares during the period. Covestor Ltd increased its stake in Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock worth $44,000 after purchasing an additional 277 shares during the period. Brooklyn Investment Group purchased a new stake in Crown during the third quarter worth about $44,000. Catalyst Capital Advisors LLC purchased a new stake in Crown during the third quarter worth about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Crown during the third quarter worth about $55,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of recent research reports. UBS Group cut their price target on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Truist Financial boosted their price objective on Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Robert W. Baird upped 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. Loop Capital upped their price target on Crown from $120.00 to $129.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Royal Bank of Canada upped their price target on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.69.

Crown Stock Performance

Shares of Crown stock traded down $0.31 during trading hours on Friday, hitting $88.11. 716,116 shares of the company were exchanged, compared to its average volume of 1,372,174. The business has a 50-day moving average of $85.21 and a 200-day moving average of $89.39. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 1.68 and a beta of 0.87. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, analysts expect that Crown Holdings, Inc. will post 6.83 EPS for the current fiscal year.

Crown 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.