Louisiana State Employees Retirement System Sells 200 Shares of Crown Holdings, Inc. (NYSE:CCK)

Louisiana State Employees Retirement System trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,800 shares of the industrial products company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Crown were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the period. Covestor Ltd lifted its holdings in shares of Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group bought a new position in shares of Crown during the 3rd quarter valued at $44,000. Catalyst Capital Advisors LLC bought a new position in shares of Crown during the 3rd quarter valued at $48,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Crown during the 3rd quarter valued at $55,000. 90.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCK shares. Mizuho lowered their price target on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company raised their target price on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Citigroup raised their target price on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada raised their target price on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.69.

Crown Trading Down 0.0 %

Shares of CCK stock opened at $88.37 on Friday. 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 quick ratio of 0.84 and a current ratio of 1.22. The firm has a market capitalization of $10.57 billion, a PE ratio of 24.82, a PEG ratio of 1.68 and a beta of 0.87. The stock has a fifty day simple moving average of $85.24 and a two-hundred day simple moving average of $89.39.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, analysts predict that Crown Holdings, Inc. will post 6.83 EPS for the current fiscal year.

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.