Crown Holdings, Inc. (NYSE:CCK) Shares Purchased by Metropolis Capital Ltd

Metropolis Capital Ltd raised its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 68.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,456,357 shares of the industrial products company’s stock after buying an additional 1,000,605 shares during the quarter. Crown comprises about 7.1% of Metropolis Capital Ltd’s investment portfolio, making the stock its 7th biggest position. Metropolis Capital Ltd owned about 2.05% of Crown worth $203,116,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CCK. Perpetual Ltd lifted its stake in shares of Crown by 13.5% during the 4th quarter. Perpetual Ltd now owns 109,395 shares of the industrial products company’s stock worth $9,046,000 after purchasing an additional 12,996 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Crown by 172.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,329 shares of the industrial products company’s stock worth $2,425,000 after acquiring an additional 18,563 shares during the last quarter. Hall Laurie J Trustee grew its holdings in Crown by 5.1% in the fourth quarter. Hall Laurie J Trustee now owns 25,425 shares of the industrial products company’s stock valued at $2,102,000 after purchasing an additional 1,235 shares during the period. Merit Financial Group LLC acquired a new position in Crown during the fourth quarter worth approximately $255,000. Finally, Avanza Fonder AB purchased a new position in Crown during the fourth quarter worth approximately $970,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Crown Stock Performance

Shares of CCK stock opened at $88.36 on Friday. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 109.09, a PEG ratio of 1.68 and a beta of 0.86. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The company’s 50-day simple moving average is $86.34 and its 200-day simple moving average is $88.37. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Analyst Ratings Changes

Several analysts have recently issued reports on CCK shares. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Barclays increased their price objective on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company dropped their target price on Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Loop Capital upped their price target on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, UBS Group dropped their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.46.

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.