Washington Capital Management Inc. Acquires Shares of 7,300 Crown Holdings, Inc. (NYSE:CCK)

Washington Capital Management Inc. bought a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,300 shares of the industrial products company's stock, valued at approximately $604,000.

Other institutional investors have also made changes to their positions in the company. Marshall & Sullivan Inc. WA raised its holdings in shares of Crown by 0.3% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company's stock valued at $4,735,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC boosted its position in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after buying an additional 163 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Crown by 2.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock worth $894,000 after purchasing an additional 183 shares during the period. M&T Bank Corp lifted its holdings in Crown by 3.8% in the third quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company's stock valued at $481,000 after buying an additional 185 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Crown by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,190 shares of the industrial products company's stock worth $677,000 after purchasing an additional 205 shares during the period. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the transaction, the chief executive officer now directly owns 563,678 shares of the company's stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

Crown Stock Up 0.8 %

NYSE CCK traded up $0.70 during trading hours on Thursday, reaching $88.54. 645,707 shares of the company's stock traded hands, compared to its average volume of 1,220,376. The firm has a market cap of $10.59 billion, a PE ratio of 109.32, a PEG ratio of 1.68 and a beta of 0.86. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46. The firm has a 50-day simple moving average of $86.20 and a 200 day simple moving average of $88.89.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCK. Wells Fargo & Company reduced their target price on shares of Crown from $88.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $109.00 to $105.00 in a report on Monday, January 13th. 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 report on Monday, October 21st. Truist Financial increased their target price on shares of Crown from $103.00 to $104.00 and gave the company a "hold" rating in a report on Monday, January 6th. Finally, UBS Group lowered their price target on shares of Crown from $113.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average price target of $105.46.

About Crown

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.