Alberta Investment Management Corp Acquires Shares of 39,402 Crown Holdings, Inc. (NYSE:CCK)

Alberta Investment Management Corp bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,402 shares of the industrial products company’s stock, valued at approximately $3,258,000.

Several other large investors have also made changes to their positions in CCK. Covestor Ltd boosted its position in Crown by 156.5% in the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after buying an additional 277 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Crown in the third quarter valued at approximately $44,000. GAMMA Investing LLC boosted its holdings in shares of Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 261 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Crown in the 3rd quarter worth approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Crown during the 3rd quarter worth approximately $55,000. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group cut their price objective on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Bank of America cut their price target on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Truist Financial raised their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Mizuho reduced their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.69.

Crown Price Performance

CCK opened at $88.60 on Friday. The company has a fifty day moving average price of $85.26 and a two-hundred day moving average price of $89.40. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The firm has a market capitalization of $10.60 billion, a PE ratio of 24.89, a P/E/G ratio of 1.57 and a beta of 0.87. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

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.