Empowered Funds LLC Invests $7.22 Million in Crown Holdings, Inc. (NYSE:CCK)

Empowered Funds LLC purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 87,256 shares of the industrial products company’s stock, valued at approximately $7,215,000. Empowered Funds LLC owned about 0.07% of Crown at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCK. Sanctuary Advisors LLC purchased a new stake in shares of Crown in the second quarter valued at $457,000. GAMMA Investing LLC grew its holdings in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares in the last quarter. CWM LLC increased its holdings in Crown by 298.2% during the third quarter. CWM LLC now owns 18,363 shares of the industrial products company’s stock valued at $1,761,000 after buying an additional 13,751 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Crown by 400.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,124 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 1,700 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Crown during the third quarter valued at about $766,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Stock Up 1.4 %

NYSE CCK opened at $88.19 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The business’s fifty day simple moving average is $85.36 and its 200-day simple moving average is $89.37. The firm has a market cap of $10.55 billion, a PE ratio of 24.77, a P/E/G ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate 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, equities analysts anticipate that Crown Holdings, Inc. will post 6.83 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on CCK shares. Loop Capital increased their price objective on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company raised their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America lowered their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Citigroup upped their price target on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.69.

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.