Iridian Asset Management LLC CT Has $18.38 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Iridian Asset Management LLC CT increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,292 shares of the industrial products company's stock after purchasing an additional 26,443 shares during the period. Crown makes up about 4.9% of Iridian Asset Management LLC CT's portfolio, making the stock its 8th biggest holding. Iridian Asset Management LLC CT owned approximately 0.19% of Crown worth $18,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after purchasing an additional 163 shares in the last quarter. Covestor Ltd grew its stake in Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock worth $44,000 after buying an additional 277 shares in the last quarter. Brooklyn Investment Group bought a new position in Crown in the 3rd quarter valued at about $44,000. Catalyst Capital Advisors LLC acquired a new position in shares of Crown in the 3rd quarter valued at approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Crown during the 3rd quarter worth approximately $55,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Trading Up 1.2 %

Shares of NYSE:CCK traded up $1.05 during midday trading on Tuesday, reaching $89.20. The company's stock had a trading volume of 611,843 shares, compared to its average volume of 1,400,765. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22. The firm has a 50 day moving average price of $85.36 and a two-hundred day moving average price of $89.37. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS 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%. As a group, analysts forecast that Crown Holdings, Inc. will post 6.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCK shares. UBS Group reduced their target price on Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Mizuho dropped their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on shares of Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Friday. Robert W. Baird increased their price objective on shares of Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Finally, Barclays lowered their price target on shares of Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a report on Monday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.69.

Crown 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.