Versor Investments LP Purchases New Holdings in Crown Holdings, Inc. (NYSE:CCK)

Versor Investments LP purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,861 shares of the industrial products company’s stock, valued at approximately $1,560,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares in the last quarter. Brooklyn Investment Group acquired a new position in Crown in the third quarter valued at about $44,000. Catalyst Capital Advisors LLC acquired a new stake in Crown during the third quarter worth about $48,000. GAMMA Investing LLC grew its stake in Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after buying an additional 261 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Crown in the 3rd quarter valued at about $55,000. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

NYSE:CCK opened at $88.08 on Thursday. The stock’s 50-day moving average is $85.41 and its 200-day moving average is $89.48. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The stock has a market cap of $10.54 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America reduced their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Citigroup boosted their price target on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Mizuho reduced their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $105.69.

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.