Crown Holdings, Inc. $CCK Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 49.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,703 shares of the industrial products company’s stock after selling 100,530 shares during the period. Levin Capital Strategies L.P. owned about 0.09% of Crown worth $10,473,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCK. Invesco Ltd. grew its stake in shares of Crown by 412.2% during the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after acquiring an additional 1,383,624 shares in the last quarter. Swedbank AB grew its stake in shares of Crown by 114.7% during the first quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock valued at $131,798,000 after acquiring an additional 788,818 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Crown during the first quarter valued at about $41,360,000. Assenagon Asset Management S.A. grew its stake in shares of Crown by 4,180.3% during the second quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock valued at $31,688,000 after acquiring an additional 300,521 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Crown by 1,719.4% during the second quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company’s stock valued at $30,418,000 after acquiring an additional 279,145 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of NYSE CCK opened at $97.16 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The firm’s 50-day moving average price is $95.65 and its two-hundred day moving average price is $98.58. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The stock has a market capitalization of $11.31 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.30 and a beta of 0.73.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company posted $1.99 earnings per share. Crown’s revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 37,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total value of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares of the company’s stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCK. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Loop Capital lifted their price target on Crown from $129.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Baird R W downgraded Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Finally, Citigroup decreased their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.08.

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.