8,500 Shares in Crown Stake, Inc. (CCK) Obtained by Hudson Bay Capital Management LP

8,500 Shares in Crown Stake, Inc. (CCK) Obtained by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new position in Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, Holdings Channel reports. The firm bought 8,500 shares of the company’s stock, valued at approximately $447,000.

Several other institutional investors also recently modified their holdings of CCK. Acrospire Investment Management LLC raised its position in shares of Crown Holdings by 28.6% in the third quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $103,000 after buying an additional 400 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Crown Holdings by 10.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,970 shares of the company’s stock worth $105,000 after buying an additional 191 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of Crown Holdings during the fourth quarter worth $112,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Crown Holdings by 109.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,300 shares of the company’s stock worth $131,000 after buying an additional 1,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Crown Holdings by 16.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,356 shares of the company’s stock worth $192,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Shares of Crown Holdings, Inc. (NYSE:CCK) opened at 52.95 on Friday. The stock has a 50 day moving average of $53.23 and a 200 day moving average of $53.86. Crown Holdings, Inc. has a 12-month low of $47.73 and a 12-month high of $57.49. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 14.87 and a beta of 1.35.

Crown Holdings (NYSE:CCK) last posted its earnings results on Thursday, February 2nd. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm earned $1.92 billion during the quarter, compared to analyst estimates of $1.98 billion. Crown Holdings had a net margin of 5.99% and a return on equity of 83.94%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Equities research analysts predict that Crown Holdings, Inc. will post $3.92 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Vertical Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, February 6th. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price objective (down previously from $63.00) on shares of Crown Holdings in a research report on Monday, February 6th. Credit Suisse Group AG set a $60.00 price objective on shares of Crown Holdings and gave the company a “hold” rating in a research report on Saturday, February 4th. Barclays PLC lowered their price objective on shares of Crown Holdings from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, February 6th. Finally, Zacks Investment Research lowered shares of Crown Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Crown Holdings currently has a consensus rating of “Buy” and a consensus price target of $60.89.

In related news, insider Thomas A. Kelly sold 40,000 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $53.18, for a total value of $2,127,200.00. Following the completion of the sale, the insider now owns 115,256 shares of the company’s stock, valued at approximately $6,129,314.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

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.

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