Hantz Financial Services Inc. Grows Position in Crown Holdings, Inc. (NYSE:CCK)

Hantz Financial Services Inc. raised its holdings in Crown Holdings, Inc. (NYSE:CCK) by 8.0% in the third quarter, Holdings Channel.com reports. The fund owned 5,812 shares of the industrial products company’s stock after buying an additional 433 shares during the quarter. Hantz Financial Services Inc.’s holdings in Crown were worth $557,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. acquired a new stake in shares of Crown in the third quarter valued at about $14,351,000. Vinva Investment Management Ltd purchased a new position in Crown in the third quarter valued at about $366,000. MayTech Global Investments LLC acquired a new stake in shares of Crown during the 3rd quarter valued at approximately $204,000. M.D. Sass LLC boosted its stake in shares of Crown by 3.4% during the 3rd quarter. M.D. Sass LLC now owns 867,620 shares of the industrial products company’s stock worth $83,187,000 after acquiring an additional 28,585 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Crown by 34.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 44,691 shares of the industrial products company’s stock worth $4,285,000 after acquiring an additional 11,540 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Trading Down 1.0 %

Shares of CCK opened at $92.09 on Monday. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The company has a market capitalization of $11.02 billion, a PE ratio of 113.69, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. The stock has a fifty day moving average of $93.53 and a two-hundred day moving average of $87.13. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Crown (NYSE:CCK) last released its earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.81 by $0.18. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. As a group, analysts forecast that Crown Holdings, Inc. will post 6.34 EPS for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. Crown’s payout ratio is 123.46%.

Insider Buying and Selling

In other Crown news, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the sale, the director now owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the sale, the chief executive officer now owns 578,678 shares of the company’s stock, valued at $52,416,653.24. This represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,506 shares of company stock valued at $3,157,399. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCK shares. Robert W. Baird boosted their target price on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted 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. Royal Bank of Canada raised their target price on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Loop Capital upped their price target on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, October 26th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and an average price target of $106.62.

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.