Yousif Capital Management LLC Sells 1,764 Shares of Crown Holdings, Inc. (NYSE:CCK)

Yousif Capital Management LLC lessened its stake in Crown Holdings, Inc. (NYSE:CCK) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,489 shares of the industrial products company’s stock after selling 1,764 shares during the quarter. Yousif Capital Management LLC’s holdings in Crown were worth $3,596,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Crown by 10,138.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after acquiring an additional 3,074,791 shares during the last quarter. Metropolis Capital Ltd grew its holdings in Crown by 269.7% during the third quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock valued at $139,578,000 after purchasing an additional 1,062,001 shares during the period. Jennison Associates LLC increased its stake in Crown by 125.0% in the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock valued at $129,698,000 after purchasing an additional 751,530 shares in the last quarter. FMR LLC raised its holdings in Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after purchasing an additional 749,085 shares during the period. Finally, Swedbank AB boosted its position in shares of Crown by 379.3% during the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock worth $56,870,000 after purchasing an additional 544,246 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Ratings Changes

CCK has been the topic of several research analyst reports. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Mizuho dropped their price target on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Citigroup boosted their price objective on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Robert W. Baird raised their target price on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company upped their price target on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday. Two 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 stock has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Crown Trading Down 0.4 %

Shares of NYSE:CCK opened at $87.01 on Friday. The company’s 50-day moving average price is $85.55 and its two-hundred day moving average price is $89.21. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The stock has a market capitalization of $10.41 billion, a PE ratio of 107.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 24.57% and a net margin of 0.83%. On average, equities analysts forecast that Crown Holdings, Inc. will post 6.35 EPS for the current fiscal year.

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.