Anchor Investment Management LLC Has $154,000 Position in Crown Holdings, Inc. (NYSE:CCK)

Anchor Investment Management LLC reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,065 shares of the industrial products company’s stock after selling 150 shares during the period. Anchor Investment Management LLC’s holdings in Crown were worth $154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Crown by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company’s stock worth $951,306,000 after buying an additional 176,639 shares during the period. Sessa Capital IM L.P. boosted its position in shares of Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after buying an additional 1,989,374 shares during the period. William Blair Investment Management LLC boosted its position in Crown by 2.0% during the first quarter. William Blair Investment Management LLC now owns 2,826,399 shares of the industrial products company’s stock valued at $224,020,000 after purchasing an additional 56,604 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Crown by 31.5% during the second quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company’s stock valued at $147,032,000 after purchasing an additional 473,000 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Crown by 7.1% during the second quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company’s stock valued at $124,808,000 after purchasing an additional 111,589 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCK has been the subject of several recent research reports. Truist Financial increased their price target on Crown from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Citigroup increased their price target on Crown from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Loop Capital increased their price target on Crown from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Barclays increased their price target on Crown from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, StockNews.com lowered Crown from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Four 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.com, Crown presently has an average rating of “Moderate Buy” and an average price target of $101.86.

Insiders Place Their Bets

In other Crown news, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now owns 12,424 shares in the company, valued at $1,187,734.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the transaction, the chief executive officer now owns 578,678 shares in the company, valued at $52,416,653.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the sale, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,006 shares of company stock worth $2,694,849 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $93.76 on Friday. The firm has a market cap of $11.32 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $96.74. The business’s 50 day moving average is $90.32 and its 200-day moving average is $83.30.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts predict that Crown Holdings, Inc. will post 6.15 earnings per share for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Crown’s dividend payout ratio (DPR) is presently 28.82%.

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.