Thrivent Financial For Lutherans Has $16.11 Million Position in Crown Holdings, Inc. (CCK)

Thrivent Financial For Lutherans boosted its stake in Crown Holdings, Inc. (NYSE:CCK) by 357.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,970 shares of the industrial products company’s stock after acquiring an additional 210,970 shares during the period. Thrivent Financial For Lutherans owned 0.20% of Crown Holdings worth $16,106,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Creative Planning boosted its holdings in shares of Crown Holdings by 1.3% during the 2nd quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after buying an additional 23 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Crown Holdings by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock worth $668,000 after buying an additional 144 shares in the last quarter. James Investment Research Inc. boosted its holdings in shares of Crown Holdings by 2.0% during the 2nd quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock worth $1,056,000 after buying an additional 340 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Crown Holdings by 1.5% during the 1st quarter. TD Asset Management Inc. now owns 27,140 shares of the industrial products company’s stock worth $1,437,000 after buying an additional 400 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Crown Holdings by 5.2% during the 1st quarter. M&T Bank Corp now owns 10,248 shares of the industrial products company’s stock worth $542,000 after buying an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 90.12% of the company’s stock.

A number of equities analysts have issued reports on CCK shares. Vertical Research cut Crown Holdings from a “buy” rating to a “hold” rating and increased their price target for the stock from $60.00 to $64.00 in a report on Friday, July 21st. ValuEngine upgraded Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC restated a “buy” rating on shares of Crown Holdings in a report on Wednesday, May 24th. BidaskClub upgraded Crown Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research upgraded Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.56.

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Crown Holdings, Inc. (CCK) opened at 60.58 on Wednesday. The company has a 50 day moving average price of $58.77 and a 200-day moving average price of $57.04. Crown Holdings, Inc. has a one year low of $51.57 and a one year high of $61.39. The company has a market capitalization of $8.20 billion, a PE ratio of 17.35 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm posted $1.19 EPS. The business’s revenue was up .9% compared to the same quarter last year. Analysts expect that Crown Holdings, Inc. will post $4.03 EPS for the current fiscal year.

Crown Holdings Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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