Robertson Stephens Wealth Management LLC Makes New $384,000 Investment in Crown Holdings, Inc. (NYSE:CCK)

Robertson Stephens Wealth Management LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,642 shares of the industrial products company's stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Crown during the 2nd quarter worth approximately $457,000. GAMMA Investing LLC boosted its stake in shares of Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after buying an additional 163 shares during the last quarter. CWM LLC boosted its stake in shares of Crown by 298.2% in the 3rd quarter. CWM LLC now owns 18,363 shares of the industrial products company's stock worth $1,761,000 after buying an additional 13,751 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Crown by 57.9% in the 3rd quarter. UMB Bank n.a. now owns 1,851 shares of the industrial products company's stock worth $177,000 after buying an additional 679 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Crown by 400.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,124 shares of the industrial products company's stock worth $204,000 after buying an additional 1,700 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Crown Price Performance

CCK traded down $1.27 during trading on Wednesday, reaching $88.31. The stock had a trading volume of 1,195,822 shares, compared to its average volume of 1,413,222. The stock has a market cap of $10.56 billion, a PE ratio of 24.81, a PEG ratio of 1.68 and a beta of 0.87. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The business has a 50-day moving average of $85.24 and a 200-day moving average of $89.39.

Crown (NYSE:CCK - Get Free Report) last released its earnings results 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 return on equity of 25.12% and a net margin of 3.59%. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Royal Bank of Canada upped their price objective on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Loop Capital upped their price objective on Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.