iSAM Funds UK Ltd Sells 1,463 Shares of Crown Holdings, Inc. (NYSE:CCK)

iSAM Funds UK Ltd trimmed its position in Crown Holdings, Inc. (NYSE:CCK) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,222 shares of the industrial products company’s stock after selling 1,463 shares during the quarter. iSAM Funds UK Ltd’s holdings in Crown were worth $432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCK. Sone Capital Management LLC purchased a new stake in shares of Crown in the fourth quarter worth $5,444,000. Twinbeech Capital LP boosted its holdings in Crown by 345.4% in the 4th quarter. Twinbeech Capital LP now owns 107,535 shares of the industrial products company’s stock worth $8,892,000 after buying an additional 83,394 shares during the period. Two Sigma Advisers LP increased its stake in Crown by 37.0% in the 4th quarter. Two Sigma Advisers LP now owns 61,100 shares of the industrial products company’s stock worth $5,052,000 after buying an additional 16,500 shares in the last quarter. Tidal Investments LLC raised its holdings in Crown by 157.7% during the fourth quarter. Tidal Investments LLC now owns 56,696 shares of the industrial products company’s stock valued at $4,688,000 after acquiring an additional 34,699 shares during the period. Finally, State of Wyoming raised its holdings in Crown by 160.1% during the fourth quarter. State of Wyoming now owns 1,995 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 1,228 shares during the period. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Shares of NYSE:CCK opened at $99.03 on Wednesday. The firm has a fifty day simple moving average of $90.22 and a two-hundred day simple moving average of $88.55. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $100.24. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $11.53 billion, a P/E ratio of 27.82, a PEG ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK) last announced its 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 firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Crown had a net margin of 3.59% and a return on equity of 25.12%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. On average, analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, May 15th. Crown’s dividend payout ratio is currently 22.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCK shares. Barclays increased their target price on Crown from $109.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Crown from $107.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada upped their target price on shares of 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 target price on shares of Crown from $89.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.45.

Insider Buying and Selling

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

Crown Company 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.