Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 79.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,343 shares of the industrial products company's stock after selling 13,219 shares during the period. Lighthouse Investment Partners LLC's holdings in Crown were worth $276,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after acquiring an additional 256 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after purchasing an additional 117 shares in the last quarter. Colonial Trust Co SC increased its position in Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after purchasing an additional 352 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Crown by 48.6% in the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after buying an additional 269 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after buying an additional 647 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the transaction, the chief operating officer now directly owns 135,014 shares of the company's stock, valued at $13,096,358. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president now owns 4,500 shares of the company's stock, valued at approximately $447,345. This represents a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Crown Stock Down 1.0%

Shares of CCK traded down $1.01 during trading on Wednesday, reaching $98.03. The company's stock had a trading volume of 133,789 shares, compared to its average volume of 1,211,766. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $100.24. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.56 and a beta of 0.76. The company has a fifty day moving average of $90.22 and a two-hundred day moving average of $88.55.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm earned $1.02 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. Crown's dividend payout ratio (DPR) is 22.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCK. Barclays raised their target price on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Truist Financial reduced their price objective on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. UBS Group raised their target price on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Royal Bank of Canada upped their price target on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Crown has a consensus rating of "Moderate Buy" and an average price target of $110.45.

Crown 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.