New York State Teachers Retirement System Has $630,000 Stake in Crown Holdings, Inc. (NYSE:CCK)

New York State Teachers Retirement System continued to hold its stake in Crown Holdings, Inc. (NYSE:CCK) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,900 shares of the industrial products company’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in Crown Holdings were worth $630,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in Crown Holdings by 10.1% in the first quarter. Nisa Investment Advisors LLC now owns 21,449 shares of the industrial products company’s stock worth $1,136,000 after buying an additional 1,973 shares during the period. DnB Asset Management AS raised its stake in Crown Holdings by 531.8% in the first quarter. DnB Asset Management AS now owns 113,600 shares of the industrial products company’s stock worth $6,015,000 after buying an additional 95,620 shares during the period. Reliance Trust Co. of Delaware raised its stake in Crown Holdings by 19.7% in the first quarter. Reliance Trust Co. of Delaware now owns 13,540 shares of the industrial products company’s stock worth $717,000 after buying an additional 2,232 shares during the period. BKD Wealth Advisors LLC bought a new stake in Crown Holdings during the first quarter worth about $280,000. Finally, Stillwater Capital Advisors LLC raised its stake in Crown Holdings by 10.2% in the first quarter. Stillwater Capital Advisors LLC now owns 5,958 shares of the industrial products company’s stock worth $315,000 after buying an additional 551 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

Crown Holdings, Inc. (NYSE CCK) opened at 58.16 on Friday. The firm’s 50-day moving average price is $59.42 and its 200-day moving average price is $56.02. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $60.96. The firm has a market capitalization of $7.87 billion, a PE ratio of 16.66 and a beta of 1.39.

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

ILLEGAL ACTIVITY WARNING: This story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://transcriptdaily.com/2017/08/13/crown-holdings-inc-nysecck-position-maintained-by-new-york-state-teachers-retirement-system-updated-updated.html.

A number of research firms have recently issued reports on CCK. Deutsche Bank AG restated a “hold” rating and issued a $61.00 price target (up from $58.00) on shares of Crown Holdings in a research report on Tuesday, July 18th. KeyCorp restated a “hold” rating on shares of Crown Holdings in a research report on Thursday, July 20th. Zacks Investment Research upgraded Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Monday, July 24th. Barclays PLC restated an “overweight” rating and issued a $69.00 price target (up from $63.00) on shares of Crown Holdings in a research report on Monday, July 24th. Finally, Vertical Research lowered Crown Holdings from a “buy” rating to a “hold” rating and upped their price target for the company from $60.00 to $64.00 in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Crown Holdings has a consensus rating of “Hold” and an average price target of $64.56.

In related news, VP David A. Beaver sold 1,000 shares of Crown Holdings stock in a transaction on Friday, May 19th. The shares were sold at an average price of $56.05, for a total transaction of $56,050.00. Following the transaction, the vice president now owns 2,398 shares in the company, valued at approximately $134,407.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

About Crown Holdings

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)

Receive News & Ratings for Crown Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply