Quest Partners LLC Has $920,000 Stake in Crown Holdings, Inc. (NYSE:CCK)

Quest Partners LLC increased its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 3,676.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,593 shares of the industrial products company's stock after purchasing an additional 9,339 shares during the period. Quest Partners LLC's holdings in Crown were worth $920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of Crown by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company's stock valued at $205,000 after buying an additional 158 shares during the last quarter. GAMMA Investing LLC grew its stake in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after acquiring an additional 163 shares during the period. Fifth Third Bancorp raised its holdings in Crown by 36.1% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Crown by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock worth $894,000 after purchasing an additional 183 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Crown by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Trading Up 0.8 %

NYSE:CCK opened at $90.28 on Thursday. The stock has a fifty day simple moving average of $93.55 and a 200 day simple moving average of $86.70. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 111.46, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. Sell-side analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, November 14th. Crown's dividend payout ratio is currently 123.46%.

Analyst Ratings Changes

A number of analysts have issued reports on CCK shares. Loop Capital raised their price target on Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Citigroup boosted their target price on shares of Crown from $100.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Robert W. Baird increased their price target on shares of Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Bank of America boosted their price objective on shares of Crown from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price objective on Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.62.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the transaction, the chief operating officer now directly owns 114,402 shares of the company's stock, valued at $10,970,007.78. This represents a 8.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the sale, the chief executive officer now directly owns 563,678 shares of the company's stock, valued at approximately $54,524,572.94. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock valued at $3,157,399 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

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.