Regents Gate Capital LLP Buys Shares of 44,251 Crown Holdings, Inc. (NYSE:CCK)

Regents Gate Capital LLP purchased a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 44,251 shares of the industrial products company's stock, valued at approximately $3,950,000. Crown comprises approximately 1.7% of Regents Gate Capital LLP's holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Crown by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after buying an additional 1,091 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Crown by 110.3% in the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after buying an additional 630 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Crown by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock worth $67,183,000 after buying an additional 8,739 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Crown in the first quarter worth $820,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Crown by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company's stock worth $1,222,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CCK. Wall Street Zen raised shares of Crown from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 28th. Citigroup raised their target price on shares of Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley raised their target price on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Mizuho raised their target price on shares of Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, UBS Group raised their target price on shares of Crown from $114.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Crown currently has an average rating of "Moderate Buy" and an average target price of $117.55.

Insider Activity

In related news, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the transaction, the vice president directly owned 4,500 shares in the company, valued at approximately $447,345. The trade was a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the transaction, the chief operating officer owned 135,014 shares in the company, valued at $13,096,358. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Crown Price Performance

Shares of NYSE CCK traded down $0.25 during trading on Friday, hitting $107.20. The company had a trading volume of 790,270 shares, compared to its average volume of 1,238,867. The stock has a fifty day simple moving average of $101.16 and a two-hundred day simple moving average of $91.81. Crown Holdings, Inc. has a fifty-two week low of $75.78 and a fifty-two week high of $109.48. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.45. Crown had a net margin of 4.62% and a return on equity of 26.98%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business 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, research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. Crown's dividend payout ratio (DPR) is 22.37%.

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.