2,578 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by Olympiad Research LP

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

Several other hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in shares of Crown by 156.5% in the 3rd 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 purchased a new stake in Crown in the third quarter valued at $44,000. Catalyst Capital Advisors LLC acquired a new position in Crown in the third quarter valued at $48,000. GAMMA Investing LLC grew its holdings in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 261 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Crown during the third quarter worth about $55,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Stock Down 1.5 %

CCK stock opened at $87.33 on Monday. The stock has a market capitalization of $10.45 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a fifty day moving average of $85.25 and a 200-day moving average of $89.47. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a one year low of $70.84 and a one year 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, beating 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%. As a group, analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCK. UBS Group decreased their target price on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Barclays lowered their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.69.

Crown 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.