Crown Holdings, Inc. (NYSE:CCK) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its position in Crown Holdings, Inc. (NYSE:CCK) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,949 shares of the industrial products company’s stock after selling 460 shares during the period. OLD National Bancorp IN’s holdings in Crown were worth $244,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of CCK. GAMMA Investing LLC raised its position in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after buying an additional 163 shares during the last quarter. Covestor Ltd grew its position in 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 shares of Crown in the third quarter worth about $44,000. Catalyst Capital Advisors LLC acquired a new stake in Crown during the third quarter worth about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Crown during the third quarter valued at approximately $55,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the transaction, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. StockNews.com downgraded Crown from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America reduced their target price on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, UBS Group dropped their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.46.

Crown Stock Down 0.7 %

CCK stock opened at $87.94 on Monday. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 108.57, a PEG ratio of 1.70 and a beta of 0.86. The firm has a 50-day moving average of $86.06 and a two-hundred day moving average of $89.13. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19.

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.