Metropolis Capital Ltd Has $203.12 Million Stake in Crown Holdings, Inc. (NYSE:CCK)

Metropolis Capital Ltd increased its stake in Crown Holdings, Inc. (NYSE:CCK) by 68.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,456,357 shares of the industrial products company’s stock after purchasing an additional 1,000,605 shares during the period. Crown accounts for 7.1% of Metropolis Capital Ltd’s portfolio, making the stock its 7th largest position. Metropolis Capital Ltd’s holdings in Crown were worth $203,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after purchasing an additional 749,085 shares during the period. Victory Capital Management Inc. grew its holdings in Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock worth $544,301,000 after buying an additional 412,973 shares in the last quarter. State Street Corp increased its position in Crown by 1.8% in the 3rd quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock valued at $383,559,000 after acquiring an additional 69,260 shares during the period. Sessa Capital IM L.P. raised its stake in Crown by 153.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock valued at $244,697,000 after acquiring an additional 1,989,374 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Crown by 4.2% in the third quarter. Geode Capital Management LLC now owns 2,061,869 shares of the industrial products company’s stock worth $197,242,000 after purchasing an additional 82,764 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Crown Stock Performance

CCK opened at $88.36 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The company has a market cap of $10.57 billion, a PE ratio of 109.09, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86. The stock has a 50-day moving average of $86.34 and a 200-day moving average of $88.37. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Robert W. Baird increased their price objective on shares of Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company lowered their price objective on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Loop Capital upped their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, UBS Group lowered their price target on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.46.

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.