Yousif Capital Management LLC Sells 1,764 Shares of Crown Holdings, Inc. (NYSE:CCK)

Yousif Capital Management LLC lowered its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 43,489 shares of the industrial products company’s stock after selling 1,764 shares during the period. Yousif Capital Management LLC’s holdings in Crown were worth $3,596,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Spire Wealth Management increased its holdings in shares of Crown by 16.2% during the fourth quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 138 shares during the period. Marshall & Sullivan Inc. WA grew its position in Crown by 0.3% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 155 shares in the last quarter. GAMMA Investing LLC increased its stake 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 acquiring an additional 163 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Crown by 0.4% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company’s stock valued at $3,758,000 after acquiring an additional 165 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Crown by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CCK shares. Royal Bank of Canada boosted their price target on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird boosted their target price on shares of Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday. Barclays boosted their price objective on shares of Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Citigroup raised their target price on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.92.

Crown Price Performance

Crown stock opened at $87.01 on Friday. The stock has a 50-day moving average price of $85.55 and a two-hundred day moving average price of $89.21. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The company has a market capitalization of $10.41 billion, a PE ratio of 107.42, a P/E/G ratio of 1.70 and a beta of 0.87. 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 (NYSE:CCK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 0.83% and a return on equity of 24.57%. Analysts expect that Crown Holdings, Inc. will post 6.35 EPS for the current year.

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.