Olympiad Research LP Makes New $213,000 Investment in Crown Holdings, Inc. (NYSE:CCK)

Olympiad Research LP purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,578 shares of the industrial products company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCK. Tidal Investments LLC grew its position in Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 12,058 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Crown by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after purchasing an additional 10,295 shares during the last quarter. Jensen Investment Management Inc. grew its holdings in shares of Crown by 7.8% during the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock worth $9,676,000 after purchasing an additional 7,280 shares during the period. Nordea Investment Management AB increased its position in shares of Crown by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after buying an additional 412,973 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CCK. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Mizuho dropped their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group cut their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Barclays lowered their price target on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Citigroup boosted their price objective on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $105.69.

Crown Price Performance

Shares of NYSE CCK opened at $87.33 on Monday. The stock’s 50-day moving average is $85.25 and its two-hundred day moving average is $89.47. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping 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%. Analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

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.