Private Management Group Inc. Sells 5,192 Shares of Crown Holdings, Inc. (NYSE:CCK)

Private Management Group Inc. trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,052 shares of the industrial products company’s stock after selling 5,192 shares during the period. Private Management Group Inc. owned about 0.25% of Crown worth $24,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CCK. GAMMA Investing LLC increased its holdings in Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the period. Covestor Ltd boosted its position in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 277 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Crown in the 3rd quarter worth $44,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown during the 3rd quarter worth $48,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Crown during the third quarter valued at about $55,000. Institutional investors own 90.93% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $85.15 on Thursday. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The business’s 50 day moving average price is $85.66 and its 200 day moving average price is $89.23. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The firm has a market cap of $10.19 billion, a P/E ratio of 105.13, a P/E/G ratio of 1.70 and a beta of 0.87.

Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 0.83% and a return on equity of 24.57%. On average, sell-side analysts expect that Crown Holdings, Inc. will post 6.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CCK. Loop Capital boosted their target price on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company reduced their price objective on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. UBS Group lowered their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Robert W. Baird upped their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.