Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Blue Sky Asset Management LLC

Blue Sky Asset Management LLC lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 24.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,030 shares of the industrial products company’s stock after selling 2,954 shares during the period. Blue Sky Asset Management LLC’s holdings in Crown Holdings were worth $539,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nine Chapters Capital Management LLC purchased a new position in shares of Crown Holdings during the second quarter worth about $298,000. Korea Investment CORP increased its position in Crown Holdings by 232.4% in the second quarter. Korea Investment CORP now owns 45,200 shares of the industrial products company’s stock worth $2,697,000 after buying an additional 31,600 shares during the last quarter. Sei Investments Co. increased its position in Crown Holdings by 183.9% in the second quarter. Sei Investments Co. now owns 35,208 shares of the industrial products company’s stock worth $2,101,000 after buying an additional 22,806 shares during the last quarter. CIBC Asset Management Inc increased its position in Crown Holdings by 22.0% in the second quarter. CIBC Asset Management Inc now owns 16,987 shares of the industrial products company’s stock worth $1,013,000 after buying an additional 3,060 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Crown Holdings by 5.3% in the second quarter. Great West Life Assurance Co. Can now owns 49,565 shares of the industrial products company’s stock worth $2,954,000 after buying an additional 2,499 shares during the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

Shares of Crown Holdings, Inc. (NYSE:CCK) traded down 0.26% during trading on Friday, reaching $57.69. 344,964 shares of the company’s stock were exchanged. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $60.96. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 16.53 and a beta of 1.39. The stock has a 50-day moving average price of $59.36 and a 200 day moving average price of $56.17.

Crown Holdings (NYSE:CCK) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. On average, analysts forecast that Crown Holdings, Inc. will post $4.03 EPS for the current year.

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A number of research firms recently issued reports on CCK. Zacks Investment Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Crown Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Barclays PLC reiterated an “overweight” rating and set a $69.00 target price (up previously from $63.00) on shares of Crown Holdings in a research report on Monday, July 24th. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and boosted their target price for the company from $60.00 to $64.00 in a research report on Friday, July 21st. Finally, KeyCorp restated a “hold” rating on shares of Crown Holdings in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.56.

Crown Holdings Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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