Centiva Capital LP Invests $548,000 in Crown Holdings, Inc. (NYSE:CCK)

Centiva Capital LP purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,718 shares of the industrial products company's stock, valued at approximately $548,000.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 163 shares during the period. Covestor Ltd lifted its position in shares of Crown by 156.5% during the 3rd 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 last quarter. Brooklyn Investment Group bought a new stake in Crown during the 3rd quarter valued at approximately $44,000. Blue Trust Inc. grew its holdings in Crown by 172.6% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock valued at $48,000 after buying an additional 385 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Crown in the 3rd quarter worth approximately $48,000. Institutional investors own 90.93% of the company's stock.

Crown Price Performance

Crown stock traded down $1.18 during mid-day trading on Friday, hitting $88.38. 1,884,538 shares of the company were exchanged, compared to its average volume of 1,089,652. The company has a market capitalization of $10.57 billion, a PE ratio of 109.11, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. The business has a fifty day moving average of $93.11 and a 200 day moving average of $87.34. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.18. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. As a group, sell-side analysts expect that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.13%. Crown's payout ratio is 123.46%.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Miller sold 1,006 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the sale, the director now directly owns 12,424 shares of the company's stock, valued at $1,187,734.40. This represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,006 shares of company stock valued at $2,478,049 over the last ninety days. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCK. Mizuho set a $110.00 price objective on Crown in a research report on Friday, October 18th. Royal Bank of Canada raised their price target on shares of Crown from $105.00 to $113.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on shares of Crown from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Citigroup boosted their price target on Crown from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price objective on Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.62.

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.