ExodusPoint Capital Management LP Sells 73,060 Shares of Crown Holdings, Inc. (NYSE:CCK)

ExodusPoint Capital Management LP decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 58.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,506 shares of the industrial products company's stock after selling 73,060 shares during the period. ExodusPoint Capital Management LP's holdings in Crown were worth $4,259,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares during the period. GAMMA Investing LLC raised its holdings in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after buying an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after buying an additional 117 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 269 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after purchasing an additional 647 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

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Crown Stock Up 2.1 %

Shares of NYSE CCK traded up $1.72 during mid-day trading on Friday, reaching $83.75. 846,487 shares of the company's stock traded hands, compared to its average volume of 1,199,842. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The business has a 50-day simple moving average of $87.56 and a 200 day simple moving average of $88.83. The stock has a market cap of $9.80 billion, a P/E ratio of 23.53, a PEG ratio of 1.56 and a beta of 0.79. 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 earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating 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%. On average, analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Crown's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.24%. Crown's dividend payout ratio (DPR) is currently 29.21%.

Analysts Set New Price Targets

CCK has been the subject of a number of research reports. Bank of America dropped their price target on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Royal Bank of Canada increased their target price 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 cut their price target 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. Finally, Citigroup lifted their target price on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.00.

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.