Janus Henderson Group PLC decreased its stake in Crown Holdings, Inc. (NYSE:CCK) by 17.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,401,545 shares of the industrial products company’s stock after selling 1,135,306 shares during the quarter. Janus Henderson Group PLC owned 4.02% of Crown worth $322,581,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC acquired a new position in shares of Crown in the 3rd quarter valued at $361,000. First Republic Investment Management Inc. acquired a new position in shares of Crown in the 3rd quarter valued at $205,000. Asset Management One Co. Ltd. boosted its position in shares of Crown by 1.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 211,639 shares of the industrial products company’s stock valued at $12,645,000 after purchasing an additional 2,841 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Crown by 88.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 88,819 shares of the industrial products company’s stock valued at $5,304,000 after purchasing an additional 41,708 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Crown by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 23,457 shares of the industrial products company’s stock valued at $1,398,000 after purchasing an additional 1,210 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.
A number of research firms recently weighed in on CCK. KeyCorp reiterated a “hold” rating on shares of Crown in a research report on Friday, November 10th. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded Crown from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Monday, October 2nd. Jefferies Group set a $70.00 price objective on Crown and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, UBS initiated coverage on Crown in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Crown has an average rating of “Hold” and an average price target of $64.27.
Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.39 billion. Crown had a return on equity of 60.44% and a net margin of 5.64%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. analysts predict that Crown Holdings, Inc. will post 4.03 earnings per share for the current year.
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Crown Company Profile
Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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