39,402 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,402 shares of the industrial products company's stock, valued at approximately $3,258,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Crown by 3.6% during the 3rd quarter. Creative Planning now owns 45,835 shares of the industrial products company's stock valued at $4,395,000 after buying an additional 1,586 shares in the last quarter. Blue Trust Inc. boosted its stake in Crown by 158.9% during the third quarter. Blue Trust Inc. now owns 1,574 shares of the industrial products company's stock worth $151,000 after acquiring an additional 966 shares in the last quarter. Raymond James & Associates grew its holdings in Crown by 16.2% in the third quarter. Raymond James & Associates now owns 115,158 shares of the industrial products company's stock worth $11,041,000 after purchasing an additional 16,074 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Crown by 27.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 222,522 shares of the industrial products company's stock valued at $21,335,000 after purchasing an additional 47,484 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Crown during the third quarter valued at approximately $267,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Price Performance

Shares of CCK traded down $1.34 during mid-day trading on Friday, reaching $87.33. The stock had a trading volume of 1,884,481 shares, compared to its average volume of 1,365,361. The business has a fifty day moving average of $85.25 and a 200 day moving average of $89.42. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The firm 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 12 month low of $70.84 and a 12 month high of $98.46.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CCK shares. Wells Fargo & Company raised their price objective on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on shares of Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Citigroup boosted their price target on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.