Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 76.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,999 shares of the industrial products company's stock after selling 75,307 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Crown were worth $1,902,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in Crown by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock worth $477,923,000 after acquiring an additional 102,789 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock worth $256,762,000 after purchasing an additional 3,074,791 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Crown by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock worth $245,408,000 after purchasing an additional 283,014 shares during the last quarter. Metropolis Capital Ltd lifted its stake in Crown by 68.7% in the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after buying an additional 1,000,605 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Crown by 30.6% in the 4th quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock worth $140,720,000 after buying an additional 399,842 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Trading Down 0.2 %

CCK traded down $0.19 on Friday, hitting $97.14. The company had a trading volume of 730,416 shares, compared to its average volume of 1,199,194. The company's fifty day moving average price is $88.87 and its 200 day moving average price is $88.38. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $101.17. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The firm has a market cap of $11.36 billion, a P/E ratio of 27.29, a PEG ratio of 1.56 and a beta of 0.76.

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

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 15th. Crown's payout ratio is currently 22.37%.

Insider Activity at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now owns 135,014 shares of the company's stock, valued at $13,096,358. This trade represents a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of research analyst reports. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Truist Financial reduced their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. UBS Group raised their price target on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Mizuho upped their price objective on shares of Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company raised their target price on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.