James Investment Research Inc. Boosts Position in Crown Holdings, Inc. (CCK)

James Investment Research Inc. increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,700 shares of the industrial products company’s stock after buying an additional 340 shares during the period. James Investment Research Inc.’s holdings in Crown Holdings were worth $1,056,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Comerica Bank raised its position in Crown Holdings by 58.8% in the fourth quarter. Comerica Bank now owns 13,966 shares of the industrial products company’s stock worth $764,000 after buying an additional 5,170 shares during the period. Dimensional Fund Advisors LP raised its position in Crown Holdings by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 409,301 shares of the industrial products company’s stock worth $21,518,000 after buying an additional 11,821 shares during the period. FMR LLC raised its position in Crown Holdings by 27.8% in the fourth quarter. FMR LLC now owns 123,291 shares of the industrial products company’s stock worth $6,482,000 after buying an additional 26,851 shares during the period. New York State Teachers Retirement System raised its position in Crown Holdings by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 11,900 shares of the industrial products company’s stock worth $626,000 after buying an additional 100 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the industrial products company’s stock worth $105,000 after buying an additional 191 shares during the period. 92.98% of the stock is owned by institutional investors.

Shares of Crown Holdings, Inc. (CCK) traded down 0.26% during mid-day trading on Friday, hitting $57.69. The company had a trading volume of 344,964 shares. The company has a 50-day moving average price of $59.39 and a 200-day moving average price of $56.14. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 16.53 and a beta of 1.39. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $60.96.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Crown Holdings, Inc. will post $4.03 EPS for the current year.

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CCK has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price objective (up previously from $62.00) on shares of Crown Holdings in a research report on Friday, April 21st. Zacks Investment Research lowered Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 target price on shares of Crown Holdings in a report on Monday, June 5th. ValuEngine lowered Crown Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, BidaskClub lowered Crown Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.56.

About Crown Holdings

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.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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