Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Lowered by Savant Capital LLC

Savant Capital LLC cut its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,193 shares of the industrial products company's stock after selling 14,680 shares during the period. Savant Capital LLC's holdings in Crown were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CCK. Covestor Ltd grew its position in shares of Crown by 156.5% in the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 277 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Crown during the third quarter worth approximately $44,000. Catalyst Capital Advisors LLC acquired a new stake in Crown during the third quarter worth approximately $48,000. GAMMA Investing LLC boosted its position in Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after acquiring an additional 261 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Crown during the third quarter worth approximately $55,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCK has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. 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 note on Tuesday, January 7th. Barclays cut their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Truist Financial raised their target price on shares of Crown from $103.00 to $104.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Crown has an average rating of "Moderate Buy" and a consensus price target of $105.69.

Crown Stock Performance

Crown stock traded up $0.24 during midday trading on Thursday, reaching $88.60. 1,295,113 shares of the stock traded hands, compared to its average volume of 1,349,621. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The firm has a fifty day moving average price of $85.25 and a two-hundred day moving average price of $89.41. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 1.57 and a beta of 0.87. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (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%. On average, equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

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.