Louisiana State Employees Retirement System Trims Holdings in Crown Holdings, Inc. (NYSE:CCK)

Louisiana State Employees Retirement System lessened its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,800 shares of the industrial products company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Crown were worth $2,712,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the period. Covestor Ltd increased its holdings in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 277 shares during the period. Brooklyn Investment Group purchased a new position in Crown during the 3rd quarter valued at about $44,000. Catalyst Capital Advisors LLC purchased a new position in Crown during the 3rd quarter valued at about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Crown during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group reduced their price target on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Loop Capital upped their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company upped their target price on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Bank of America reduced their target price on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Citigroup upped their target price on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average price target of $105.69.

Crown Stock Performance

Crown stock opened at $88.37 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $10.57 billion, a P/E ratio of 24.82, a PEG ratio of 1.68 and a beta of 0.87. The stock’s 50 day moving average is $85.24 and its 200 day moving average is $89.39. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46.

Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

Crown Company 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.