Catalyst Capital Advisors LLC Buys Shares of 504 Crown Holdings, Inc. (NYSE:CCK)

Catalyst Capital Advisors LLC bought a new stake in Crown Holdings, Inc. (NYSE:CCK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 504 shares of the industrial products company’s stock, valued at approximately $48,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Crown by 1.5% in the first quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company’s stock valued at $951,306,000 after purchasing an additional 176,639 shares in the last quarter. Sessa Capital IM L.P. increased its position in shares of Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after acquiring an additional 1,989,374 shares during the period. William Blair Investment Management LLC increased its position in shares of Crown by 2.0% during the first quarter. William Blair Investment Management LLC now owns 2,826,399 shares of the industrial products company’s stock worth $224,020,000 after acquiring an additional 56,604 shares during the period. 1832 Asset Management L.P. increased its position in shares of Crown by 31.5% during the second quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company’s stock worth $147,032,000 after acquiring an additional 473,000 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Crown by 7.1% during the second quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company’s stock worth $124,808,000 after acquiring an additional 111,589 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the sale, the chief executive officer now owns 578,678 shares in the company, valued at approximately $52,416,653.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the sale, the chief executive officer now owns 578,678 shares in the company, valued at approximately $52,416,653.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Miller sold 1,006 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,506 shares of company stock worth $3,157,399. Company insiders own 0.90% of the company’s stock.

Crown Stock Performance

Shares of CCK stock opened at $94.04 on Thursday. The stock’s 50-day moving average is $93.30 and its two-hundred day moving average is $85.95. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 116.10, a PEG ratio of 2.08 and a beta of 0.85. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $98.46. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. Crown’s payout ratio is 123.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CCK shares. Royal Bank of Canada upped their price objective on Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, October 26th. Robert W. Baird upped their price objective on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays upped their price objective on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Loop Capital increased their target price on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

About Crown

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.