Magnetar Financial 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 filing with the Securities & Exchange Commission. The firm bought 4,511 shares of the industrial products company's stock, valued at approximately $373,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after buying an additional 256 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Crown during the 3rd quarter valued at about $44,000. GAMMA Investing LLC grew its stake in shares of Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after buying an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings 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. Finally, True Wealth Design LLC lifted its holdings in Crown by 6,850.0% in the third quarter. True Wealth Design LLC now owns 695 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.
Crown Stock Up 0.9 %
Shares of NYSE:CCK traded up $0.82 on Thursday, hitting $89.99. 801,879 shares of the company's stock were exchanged, compared to its average volume of 1,138,958. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The company has a market capitalization of $10.58 billion, a PE ratio of 25.28, a P/E/G ratio of 1.56 and a beta of 0.88. The firm's 50-day moving average is $88.08 and its 200 day moving average is $89.47.
Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (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%. Sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.
Crown Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Crown's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. Crown's payout ratio is currently 29.21%.
Analyst Ratings Changes
Several equities analysts have recently commented on CCK shares. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $109.00 to $105.00 in a research note on Monday, January 13th. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada upped their price target on Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Citigroup lifted their price objective on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.00.
Get Our Latest Report on CCK
About Crown
(
Free Report)
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.
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