5,050 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by R Squared Ltd

R Squared Ltd acquired a new position in Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,050 shares of the industrial products company’s stock, valued at approximately $418,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA raised its holdings in shares of Crown by 0.3% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 155 shares during the period. GAMMA Investing LLC increased its stake in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Crown by 2.0% during the third 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 last quarter. M&T Bank Corp grew its holdings in shares of Crown by 3.8% in the third quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 185 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Crown by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,190 shares of the industrial products company’s stock worth $677,000 after buying an additional 205 shares during the period. Institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCK. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. UBS Group dropped their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Wells Fargo & Company cut their price target on Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. 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 presently has an average rating of “Moderate Buy” and an average target price of $105.46.

Crown Stock Performance

Shares of CCK opened at $88.81 on Wednesday. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The stock has a fifty day moving average price of $86.25 and a 200-day moving average price of $88.90. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The firm has a market cap of $10.62 billion, a PE ratio of 109.64, a P/E/G ratio of 1.68 and a beta of 0.86.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by company insiders.

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.