Reliance Trust Co. of Delaware Sells 304 Shares of Crown Holdings, Inc. (CCK)

Reliance Trust Co. of Delaware reduced its stake in Crown Holdings, Inc. (NYSE:CCK) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,236 shares of the industrial products company’s stock after selling 304 shares during the period. Reliance Trust Co. of Delaware’s holdings in Crown Holdings were worth $789,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. KCG Holdings Inc. increased its stake in Crown Holdings by 14.8% in the first quarter. KCG Holdings Inc. now owns 20,229 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 2,603 shares during the last quarter. AXA increased its stake in Crown Holdings by 7.2% in the first quarter. AXA now owns 375,300 shares of the industrial products company’s stock valued at $19,872,000 after buying an additional 25,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Crown Holdings by 41.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,552 shares of the industrial products company’s stock valued at $294,000 after buying an additional 1,620 shares during the last quarter. Clinton Group Inc. increased its stake in Crown Holdings by 103.7% in the first quarter. Clinton Group Inc. now owns 60,733 shares of the industrial products company’s stock valued at $3,216,000 after buying an additional 30,918 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock valued at $498,056,000 after buying an additional 997,113 shares during the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.

Shares of Crown Holdings, Inc. (NYSE CCK) opened at 57.69 on Friday. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $60.96. The company has a market capitalization of $7.81 billion, a PE ratio of 16.53 and a beta of 1.39. The firm has a 50-day moving average of $59.36 and a 200 day moving average of $56.17.

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

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CCK has been the subject of several research analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 price objective (up previously from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 price objective (up previously from $62.00) on shares of Crown Holdings in a report on Friday, April 21st. BidaskClub downgraded shares of Crown Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price target on shares of Crown Holdings in a research report on Monday, June 5th. 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 stock. The company has a consensus rating of “Hold” and an average target price of $64.56.

Crown Holdings Company Profile

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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