Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Voit & Company LLC

Voit & Company LLC cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,945 shares of the industrial products company’s stock after selling 405 shares during the quarter. Voit & Company LLC’s holdings in Crown were worth $791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CCK. Wedge Capital Management L L P NC boosted its holdings in Crown by 2.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 111,089 shares of the industrial products company’s stock valued at $6,788,000 after acquiring an additional 2,217 shares during the period. Janus Henderson Group PLC boosted its holdings in Crown by 1.9% during the 2nd quarter. Janus Henderson Group PLC now owns 6,763,834 shares of the industrial products company’s stock valued at $413,270,000 after acquiring an additional 129,159 shares during the period. Advisor Group Inc. boosted its holdings in Crown by 7.3% during the 2nd quarter. Advisor Group Inc. now owns 3,759 shares of the industrial products company’s stock valued at $230,000 after acquiring an additional 257 shares during the period. Hussman Strategic Advisors Inc. boosted its holdings in Crown by 160.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 65,000 shares of the industrial products company’s stock valued at $3,972,000 after acquiring an additional 40,000 shares during the period. Finally, Aperio Group LLC boosted its holdings in Crown by 1.3% during the 2nd quarter. Aperio Group LLC now owns 43,115 shares of the industrial products company’s stock valued at $2,634,000 after acquiring an additional 569 shares during the period. 98.59% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on CCK. Robert W. Baird set a $65.00 target price on Crown and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $56.00 price objective on Crown and gave the company a “hold” rating in a research note on Wednesday, April 17th. Citigroup lifted their price objective on Crown from $70.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Deutsche Bank lifted their price objective on Crown from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research cut Crown from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $64.50.

In other news, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $60.79, for a total transaction of $607,900.00. Following the sale, the chief operating officer now owns 152,292 shares of the company’s stock, valued at approximately $9,257,830.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Shares of NYSE CCK traded down $2.53 during midday trading on Wednesday, hitting $66.05. 62,417 shares of the company’s stock were exchanged, compared to its average volume of 1,390,257. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.66 and a current ratio of 1.17. Crown Holdings, Inc. has a twelve month low of $39.05 and a twelve month high of $68.84. The company has a market cap of $8.84 billion, a P/E ratio of 12.95, a PEG ratio of 1.83 and a beta of 1.58. The firm has a fifty day simple moving average of $62.66.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, July 17th. The industrial products company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.03). Crown had a return on equity of 48.36% and a net margin of 3.91%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the business posted $1.55 EPS. Crown’s revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Crown Holdings, Inc. will post 5.09 EPS for the current fiscal year.

Crown Profile

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

See Also: What is a Stop Order?

Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK).

Institutional Ownership by Quarter for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.