Gerard H. Gifford Sells 10,000 Shares of Crown Holdings, Inc. (NYSE:CCK) Stock

Crown Holdings, Inc. (NYSE:CCK) COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $74.41, for a total value of $744,100.00. Following the transaction, the chief operating officer now owns 152,292 shares in the company, valued at approximately $11,332,047.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CCK stock opened at $75.00 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.12 and a quick ratio of 0.64. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.14 and a beta of 1.55. The business’s fifty day moving average price is $67.53 and its two-hundred day moving average price is $63.14. Crown Holdings, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $78.29.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.01). The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.19 billion. Crown had a return on equity of 41.91% and a net margin of 4.10%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 EPS. Research analysts expect that Crown Holdings, Inc. will post 5.02 EPS for the current year.

Several research analysts have weighed in on CCK shares. Wells Fargo & Co increased their price objective on Crown from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley increased their price objective on Crown from $56.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Citigroup set a $79.00 price objective on Crown and gave the stock a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research upgraded Crown from a “sell” rating to a “hold” rating and set a $67.00 price objective on the stock in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada increased their price objective on Crown from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $74.09.

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Large investors have recently added to or reduced their stakes in the stock. Brookfield Asset Management Inc. acquired a new stake in Crown in the second quarter valued at about $5,264,000. Cibc World Markets Corp acquired a new stake in Crown in the second quarter valued at about $706,000. Advisor Group Inc. boosted its stake in Crown by 7.3% in the second quarter. Advisor Group Inc. now owns 3,759 shares of the industrial products company’s stock valued at $230,000 after buying an additional 257 shares in the last quarter. Elkfork Partners LLC boosted its stake in Crown by 80.8% in the second quarter. Elkfork Partners LLC now owns 32,956 shares of the industrial products company’s stock valued at $2,014,000 after buying an additional 14,728 shares in the last quarter. Finally, Andra AP fonden boosted its stake in Crown by 16.2% in the second quarter. Andra AP fonden now owns 80,500 shares of the industrial products company’s stock valued at $4,919,000 after buying an additional 11,200 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors and hedge funds.

About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Insider Buying and Selling by Quarter for Crown (NYSE:CCK)

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