nVerses Capital LLC Makes New $623,000 Investment in Crown Holdings, Inc. (NYSE:CCK)

nVerses Capital LLC purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,500 shares of the industrial products company’s stock, valued at approximately $623,000.

A number of other institutional investors have also made changes to their positions in the stock. Sumitomo Life Insurance Co. increased its position in shares of Crown by 3.0% during the third quarter. Sumitomo Life Insurance Co. now owns 11,736 shares of the industrial products company’s stock valued at $1,125,000 after acquiring an additional 347 shares during the last quarter. Creative Planning increased its position in shares of Crown by 3.6% during the third quarter. Creative Planning now owns 45,835 shares of the industrial products company’s stock valued at $4,395,000 after acquiring an additional 1,586 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in shares of Crown by 29.5% during the third quarter. Compagnie Lombard Odier SCmA now owns 7,977 shares of the industrial products company’s stock valued at $765,000 after acquiring an additional 1,817 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Crown during the third quarter valued at about $766,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Crown by 400.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,124 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 1,700 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the sale, the chief executive officer now owns 586,178 shares in the company, valued at $50,323,381.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the sale, the chief executive officer now owns 586,178 shares in the company, valued at $50,323,381.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the transaction, the chief executive officer now owns 593,678 shares of the company’s stock, valued at approximately $50,480,440.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,506 shares of company stock worth $3,392,349 in the last 90 days. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CCK shares. Wells Fargo & Company lifted their price objective on shares of Crown from $88.00 to $97.00 and gave the company an “equal weight” rating in a report on Tuesday. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Tuesday. Bank of America lifted their price objective on shares of Crown from $98.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays lifted their price objective on shares of Crown from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Citigroup lifted their price objective on shares of Crown from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.07.

Crown Stock Up 0.0 %

Shares of NYSE:CCK traded up $0.02 during trading on Thursday, hitting $94.06. 245,649 shares of the company were exchanged, compared to its average volume of 1,121,440. The stock has a market capitalization of $11.36 billion, a P/E ratio of 27.10, a PEG ratio of 2.19 and a beta of 0.86. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $96.74. The firm’s 50 day moving average price is $91.26 and its 200-day moving average price is $84.17.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.22. Crown had a net margin of 3.68% and a return on equity of 23.96%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. On average, research analysts predict that Crown Holdings, Inc. will post 6.15 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.06%. Crown’s dividend payout ratio (DPR) is 28.82%.

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.