Empowered Funds LLC Makes New Investment in Crown Holdings, Inc. (NYSE:CCK)

Empowered Funds LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 87,256 shares of the industrial products company's stock, valued at approximately $7,215,000. Empowered Funds LLC owned about 0.07% of Crown at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in Crown in the second quarter valued at approximately $457,000. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 163 shares during the last quarter. CWM LLC raised its holdings in shares of Crown by 298.2% in the third quarter. CWM LLC now owns 18,363 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 13,751 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Crown by 400.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,124 shares of the industrial products company's stock valued at $204,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Crown in the third quarter valued at approximately $766,000. Institutional investors own 90.93% of the company's stock.

Crown Stock Down 0.3 %

Shares of Crown stock traded down $0.31 during trading on Friday, reaching $88.11. 716,116 shares of the company traded hands, compared to its average volume of 1,372,174. The firm has a market capitalization of $10.54 billion, a PE ratio of 24.75, a P/E/G ratio of 1.68 and a beta of 0.87. The company has a 50 day moving average price of $85.21 and a 200-day moving average price of $89.39. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.84. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46.

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

Analysts Set New Price Targets

CCK has been the topic of a number of recent analyst reports. Barclays lowered their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a report on Monday. Mizuho lowered their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Bank of America lowered their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $105.69.

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.