Seven Six Capital Management LLC Buys New Position in Crown Holdings, Inc. (NYSE:CCK)

Seven Six Capital Management LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 71,862 shares of the industrial products company's stock, valued at approximately $5,942,000. Crown makes up 5.2% of Seven Six Capital Management LLC's holdings, making the stock its 5th biggest holding. Seven Six Capital Management LLC owned about 0.06% of Crown as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Metropolis Capital Ltd boosted its position in Crown by 68.7% during the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock worth $203,116,000 after purchasing an additional 1,000,605 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 valued at $67,183,000 after purchasing an additional 8,739 shares in the last quarter. Merit Financial Group LLC acquired a new position in Crown during the fourth quarter worth $255,000. Washington Capital Management Inc. acquired a new position in Crown during the fourth quarter worth $604,000. Finally, Iridian Asset Management LLC CT raised its stake in Crown by 13.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 222,292 shares of the industrial products company's stock worth $18,381,000 after acquiring an additional 26,443 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CCK shares. Barclays increased their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group raised their target price on Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Truist Financial dropped their target price on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Mizuho raised their price target on Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada raised their price target on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research note 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 currently has a consensus rating of "Moderate Buy" and an average price target of $110.45.

Insider Buying and Selling at Crown

In other news, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the transaction, the vice president now owns 4,500 shares of the company's stock, valued at approximately $447,345. The trade was a 32.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $679,000.00. Following 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 disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Crown Stock Performance

Crown stock traded down $1.12 during mid-day trading on Tuesday, reaching $99.03. 1,186,618 shares of the company's stock were exchanged, compared to its average volume of 1,216,020. 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 business's fifty day simple moving average is $90.22 and its 200 day simple moving average is $88.55. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $101.50. The firm has a market capitalization of $11.53 billion, a PE ratio of 27.82, a P/E/G ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (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 business posted $1.02 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business 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. This represents a $1.04 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, May 15th. Crown's payout ratio is presently 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.