Qsemble Capital Management LP Acquires 2,659 Shares of Crown Holdings, Inc. (NYSE:CCK)

Qsemble Capital Management LP lifted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 31.5% during the third quarter, HoldingsChannel.com reports. The firm owned 11,113 shares of the industrial products company’s stock after purchasing an additional 2,659 shares during the period. Qsemble Capital Management LP’s holdings in Crown were worth $1,066,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Crown by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock worth $544,301,000 after buying an additional 412,973 shares during the last quarter. Sessa Capital IM L.P. raised its position in Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after acquiring an additional 1,989,374 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Crown by 31.5% in the second quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company’s stock valued at $147,032,000 after acquiring an additional 473,000 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Crown by 7.1% in the 2nd quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company’s stock valued at $124,808,000 after acquiring an additional 111,589 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Crown by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock worth $109,504,000 after purchasing an additional 79,502 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insiders Place Their Bets

In other Crown news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the transaction, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. This represents a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the transaction, the chief executive officer now owns 578,678 shares in the company, valued at approximately $52,416,653.24. This trade represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,506 shares of company stock valued at $3,157,399. 0.90% of the stock is currently owned by corporate insiders.

Crown Trading Down 0.4 %

CCK opened at $92.25 on Wednesday. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 113.89, a P/E/G ratio of 2.06 and a beta of 0.85. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46. The company has a 50-day simple moving average of $93.60 and a 200 day simple moving average of $86.90.

Crown (NYSE:CCK) last posted its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. Analysts predict that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s dividend payout ratio is presently 123.46%.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of research analyst reports. Mizuho set a $110.00 price target on Crown in a report on Friday, October 18th. Morgan Stanley boosted their target price on Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, October 26th. 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 research note on Monday, October 21st. Finally, Wells Fargo & Company raised their price objective on shares of Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average price target of $106.62.

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.