Tidal Investments LLC Has $2.11 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Tidal Investments LLC grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 121.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,997 shares of the industrial products company's stock after purchasing an additional 12,058 shares during the period. Tidal Investments LLC's holdings in Crown were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CCK. Sessa Capital IM L.P. raised its position in shares of Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company's stock worth $244,697,000 after purchasing an additional 1,989,374 shares during the period. Metropolis Capital Ltd raised its holdings in Crown by 269.7% during the 3rd quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company's stock worth $139,578,000 after buying an additional 1,062,001 shares during the period. Jennison Associates LLC lifted its stake in Crown by 125.0% during the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company's stock valued at $129,698,000 after buying an additional 751,530 shares in the last quarter. FMR LLC boosted its holdings in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock worth $842,556,000 after buying an additional 749,085 shares during the period. Finally, 1832 Asset Management L.P. increased its position in shares of Crown by 31.5% in the second quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company's stock worth $147,032,000 after acquiring an additional 473,000 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Insiders Place Their Bets

In related news, Director James H. Miller sold 1,006 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the transaction, the director now owns 12,424 shares of the company's stock, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the 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 sale, the chief executive officer now 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 sold 26,006 shares of company stock valued at $2,478,049 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird raised their price objective 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. Wells Fargo & Company lifted their price target on Crown from $97.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Barclays increased their price objective on Crown from $100.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research note on Saturday, October 26th. Finally, Citigroup increased their price target on shares of Crown from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $106.62.

Crown Stock Down 1.3 %

Shares of CCK traded down $1.15 during mid-day trading on Tuesday, hitting $85.37. 1,410,979 shares of the company's stock were exchanged, compared to its average volume of 1,137,518. 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 Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46. The firm has a fifty day moving average of $92.34 and a two-hundred day moving average of $87.53. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 105.48, a P/E/G ratio of 1.95 and a beta of 0.83.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS 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 firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.17%. Crown's dividend payout ratio (DPR) is currently 123.46%.

About Crown

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.