7,300 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Washington Capital Management Inc.

Washington Capital Management Inc. bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,300 shares of the industrial products company’s stock, valued at approximately $604,000.

Other institutional investors also recently modified their holdings of the company. MBB Public Markets I LLC bought a new position in Crown in the second quarter valued at approximately $641,000. Millennium Management LLC boosted its position in shares of Crown by 166.6% in the 2nd quarter. Millennium Management LLC now owns 509,909 shares of the industrial products company’s stock worth $37,932,000 after purchasing an additional 318,617 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Crown by 19.1% in the 2nd quarter. Mackenzie Financial Corp now owns 4,807 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 770 shares during the last quarter. Creative Planning increased its holdings in Crown by 4.2% in the second quarter. Creative Planning now owns 44,249 shares of the industrial products company’s stock valued at $3,292,000 after purchasing an additional 1,797 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Crown by 21.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,273 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 563,678 shares in the company, valued at $54,524,572.94. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

CCK has been the subject of several analyst reports. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. StockNews.com downgraded shares of Crown from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America reduced their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Loop Capital upped their price objective on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Robert W. Baird lifted their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Three research 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $105.46.

Crown Stock Down 1.1 %

CCK stock opened at $87.83 on Thursday. The business has a 50-day moving average of $86.20 and a 200-day moving average of $88.89. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The stock has a market capitalization of $10.51 billion, a P/E ratio of 108.44, a P/E/G ratio of 1.68 and a beta of 0.86. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

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.