Sumitomo Life Insurance Co. Sells 383 Shares of Crown Holdings, Inc. (NYSE:CCK)

Sumitomo Life Insurance Co. lessened its holdings in Crown Holdings, Inc. (NYSE:CCK) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,353 shares of the industrial products company’s stock after selling 383 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Crown were worth $939,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares in the last quarter. Covestor Ltd boosted its stake in shares of Crown by 156.5% in 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 in the last quarter. Brooklyn Investment Group bought a new stake in shares of Crown during the 3rd quarter valued at approximately $44,000. Catalyst Capital Advisors LLC acquired a new position in Crown during the 3rd quarter worth approximately $48,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Crown in the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

CCK stock opened at $87.83 on Thursday. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year 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. The stock has a 50-day moving average price of $86.20 and a 200-day moving average price of $88.89. The firm has a market cap of $10.51 billion, a PE ratio of 108.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of research reports. Loop Capital boosted their target price on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. 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. StockNews.com lowered Crown from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Barclays lifted their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.46.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.

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.