Fox Run Management L.L.C. Has $374,000 Position in Crown Holdings, Inc. (NYSE:CCK)

Fox Run Management L.L.C. cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 16.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,519 shares of the industrial products company’s stock after selling 861 shares during the quarter. Fox Run Management L.L.C.’s holdings in Crown were worth $374,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Crown in the third quarter worth about $44,000. GAMMA Investing LLC boosted its stake in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 261 shares in 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 valued at $57,000 after acquiring an additional 117 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Crown by 6,850.0% in the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 685 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Crown Trading Up 2.3 %

Shares of Crown stock opened at $89.18 on Thursday. The company’s fifty day moving average price is $88.08 and its two-hundred day moving average price is $89.47. The firm has a market capitalization of $10.48 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s dividend payout ratio is currently 29.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CCK shares. Barclays decreased their target price on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. UBS Group lowered their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Bank of America cut their price objective on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

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.