Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. boosted its position in Crown Holdings, Inc. (NYSE:CCK) by 40.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,600 shares of the industrial products company’s stock after purchasing an additional 64,200 shares during the period. Crown comprises approximately 3.7% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 11th largest position. Nan Fung Trinity HK Ltd. owned about 0.19% of Crown worth $18,324,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CCK. Covestor Ltd grew its stake in shares of Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares during the period. Brooklyn Investment Group purchased a new stake in Crown during the third quarter worth about $44,000. Catalyst Capital Advisors LLC acquired a new position in Crown during the third quarter worth about $48,000. GAMMA Investing LLC grew its position in Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after buying an additional 261 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Crown in the third quarter valued at about $55,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Down 1.5 %

Shares of NYSE CCK opened at $87.33 on Friday. The firm has a market cap of $10.45 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The firm’s 50 day moving average price is $85.25 and its 200 day moving average price is $89.45.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research reports. Truist Financial upped their price target on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $109.00 to $105.00 in a report on Monday, January 13th. Wells Fargo & Company lifted their price target on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Bank of America decreased their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group dropped their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.69.

About Crown

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.