Crown Holdings, Inc. (NYSE:CCK) Holdings Lifted by Swedbank AB

Swedbank AB raised its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 379.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 687,748 shares of the industrial products company's stock after purchasing an additional 544,246 shares during the period. Swedbank AB owned about 0.57% of Crown worth $56,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 163 shares during the last quarter. Covestor Ltd lifted its position in shares of 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 purchasing an additional 277 shares during the last quarter. Brooklyn Investment Group acquired a new position in Crown in the third quarter worth about $44,000. Catalyst Capital Advisors LLC bought a new stake in Crown in the third quarter valued at about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Crown during the third quarter valued at approximately $55,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Price Performance

CCK traded up $0.48 during trading on Thursday, reaching $88.32. The stock had a trading volume of 442,784 shares, compared to its average volume of 1,215,635. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 109.06, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86. The stock has a 50 day moving average of $86.20 and a two-hundred day moving average of $88.89. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction 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 $54,524,572.94. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CCK shares. UBS Group dropped their target price on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Bank of America dropped their price objective on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Citigroup raised their price target on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Loop Capital increased their target price on Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.46.

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.