Union Bancaire Privee UBP SA Buys New Shares in Crown Holdings, Inc. (NYSE:CCK)

Union Bancaire Privee UBP SA bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,639 shares of the industrial products company’s stock, valued at approximately $2,382,000.

Several other large investors have also recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Crown by 62.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,142 shares of the industrial products company’s stock valued at $1,722,000 after buying an additional 8,857 shares during the last quarter. MBB Public Markets I LLC bought a new stake in Crown during the second quarter worth $641,000. Millennium Management LLC lifted its stake in Crown by 166.6% in the second quarter. Millennium Management LLC now owns 509,909 shares of the industrial products company’s stock valued at $37,932,000 after acquiring an additional 318,617 shares during the last quarter. Mackenzie Financial Corp grew 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 valued at $358,000 after acquiring an additional 770 shares during the period. Finally, Creative Planning increased its stake in shares of Crown by 4.2% during the 2nd quarter. Creative Planning now owns 44,249 shares of the industrial products company’s stock worth $3,292,000 after purchasing an additional 1,797 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

NYSE:CCK opened at $89.56 on Tuesday. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 1.68 and a beta of 0.86. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The stock has a fifty day moving average price of $86.27 and a 200-day moving average price of $88.81.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction that occurred 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 owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America reduced 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. Wells Fargo & Company decreased their target price on Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $109.00 to $105.00 in a report on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $105.46.

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.