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

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

Other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Crown in the 1st quarter valued at $27,000. Mather Group LLC. acquired a new stake in Crown in the 1st quarter valued at $32,000. Quarry LP boosted its stake in Crown by 190.3% in the 4th quarter. Quarry LP now owns 421 shares of the industrial products company’s stock valued at $39,000 after buying an additional 276 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Crown in the 1st quarter valued at $41,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in Crown in the first quarter worth $43,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

Crown stock opened at $93.76 on Friday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 27.02, a PEG ratio of 2.26 and a beta of 0.86. The business has a 50-day moving average of $90.32 and a 200-day moving average of $83.30. 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.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. On average, equities analysts anticipate that Crown Holdings, Inc. will post 6.15 EPS for the current year.

Crown Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CCK shares. Wells Fargo & Company boosted their price objective on Crown from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group reduced their price objective on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Loop Capital boosted their price objective on Crown from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Truist Financial boosted their price objective on Crown from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Citigroup boosted their price objective on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.86.

Insider Buying and Selling at Crown

In other news, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 12,424 shares in the company, valued at $1,187,734.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now owns 578,678 shares in the company, valued at approximately $52,416,653.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,006 shares of company stock valued at $2,694,849. Company insiders own 0.90% of the company’s stock.

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.