Inscription Capital LLC Has $1.10 Million Holdings in Crown Holdings, Inc. $CCK

Inscription Capital LLC increased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 127.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,364 shares of the industrial products company’s stock after purchasing an additional 6,377 shares during the quarter. Inscription Capital LLC’s holdings in Crown were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCK. Harbor Capital Advisors Inc. increased its stake in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after buying an additional 134 shares during the period. Geneos Wealth Management Inc. increased its position in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the period. Quent Capital LLC bought a new position in Crown during the 3rd quarter worth approximately $34,000. Root Financial Partners LLC acquired a new position in shares of Crown in the 3rd quarter worth approximately $37,000. Finally, Mather Group LLC. bought a new stake in shares of Crown in the 3rd quarter valued at $39,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCK has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research note on Monday, December 29th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research report on Sunday. UBS Group lifted their target price on Crown from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company increased their price target on Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.62.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the transaction, the chief executive officer directly owned 411,556 shares in the company, valued at approximately $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the sale, the chief operating officer owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 57,254 shares of company stock worth $5,933,134. Company insiders own 0.90% of the company’s stock.

Crown Trading Down 2.5%

Shares of Crown stock opened at $101.61 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The stock has a 50 day moving average price of $100.39 and a two-hundred day moving average price of $99.23. The stock has a market capitalization of $11.72 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 EPS. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s dividend payout ratio is presently 12.87%.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.