Two Sigma Advisers LP Has $5.05 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Two Sigma Advisers LP increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 37.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,100 shares of the industrial products company’s stock after acquiring an additional 16,500 shares during the quarter. Two Sigma Advisers LP owned about 0.05% of Crown worth $5,052,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CCK. Farther Finance Advisors LLC increased its holdings in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 256 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 117 shares during the last quarter. Colonial Trust Co SC increased its holdings in shares of Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 352 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Crown by 325.1% in the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock valued at $70,000 after buying an additional 647 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Crown

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president now owns 4,500 shares of the company’s stock, valued at approximately $447,345. The trade was a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gerard H. Gifford sold 7,000 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the transaction, the chief operating officer now directly owns 135,014 shares in the company, valued at approximately $13,096,358. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Crown Stock Performance

NYSE CCK opened at $97.08 on Friday. The company has a fifty day simple moving average of $90.70 and a 200 day simple moving average of $88.64. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $100.24. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The company has a market cap of $11.30 billion, a P/E ratio of 27.27, a PEG ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. Crown had a net margin of 3.59% and a return on equity of 25.12%. Crown’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS. Sell-side analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. Crown’s payout ratio is 22.37%.

Analyst Ratings Changes

CCK has been the topic of several analyst reports. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Truist Financial dropped their price objective on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price target on Crown from $109.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Royal Bank of Canada raised their price objective on Crown from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on Crown from $89.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.45.

Crown 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.