Rhumbline Advisers Increases Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Rhumbline Advisers grew its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,860 shares of the industrial products company's stock after acquiring an additional 4,374 shares during the quarter. Rhumbline Advisers owned 0.29% of Crown worth $28,434,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CCK. Covestor Ltd raised its stake in shares of Crown by 156.5% in 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 last quarter. Brooklyn Investment Group purchased a new position in shares of Crown in the third quarter worth $44,000. GAMMA Investing LLC increased its position in Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 261 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Crown during the third quarter valued at $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Crown during the third quarter valued at $55,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on CCK shares. UBS Group reduced their price objective on Crown from $113.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Bank of America reduced their price objective on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada boosted 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. Wells Fargo & Company boosted their price target on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, Barclays cut their price target on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $105.69.

Crown Trading Down 1.5 %

Shares of CCK stock traded down $1.34 on Friday, reaching $87.33. 1,884,481 shares of the company's stock were exchanged, compared to its average volume of 1,362,256. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $10.45 billion, a PE ratio of 24.53, a P/E/G ratio of 1.56 and a beta of 0.87. The company's fifty day simple moving average is $85.25 and its 200 day simple moving average is $89.42.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

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.