Grand Jean Capital Management Inc buys $14.8 Million stake in Crown Holdings (CCK)

Crown Holdings (CCK) : Grand Jean Capital Management Inc scooped up 68,134 additional shares in Crown Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 272,442 shares of Crown Holdings which is valued at $14.8 Million.Crown Holdings makes up approximately 6.27% of Grand Jean Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Sentry Investments Corp. reduced its stake in CCK by selling 67,100 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 1,804,100 shares of CCK which is valued at $97.8 Million. Crown Holdings makes up approx 1.41% of Sentry Investments Corp.’s portfolio.Madison Investment Holdings Inc reduced its stake in CCK by selling 1,298 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 649,293 shares of CCK which is valued at $35.2 Million. Crown Holdings makes up approx 0.75% of Madison Investment Holdings Inc’s portfolio.Boston Partners reduced its stake in CCK by selling 3,132,361 shares or 25.66% in the most recent quarter. The Hedge Fund company now holds 9,073,577 shares of CCK which is valued at $491.8 Million. Crown Holdings makes up approx 0.72% of Boston Partners’s portfolio. Allegis Investment Advisors sold out all of its stake in CCK during the most recent quarter. The investment firm sold 600 shares of CCK which is valued $32,520.Los Angeles Capital Management Equity Research Inc reduced its stake in CCK by selling 175 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 55,922 shares of CCK which is valued at $3 Million. Crown Holdings makes up approx 0.03% of Los Angeles Capital Management Equity Research Inc’s portfolio.

Crown Holdings opened for trading at $52.69 and hit $53.03 on the upside on Wednesday, eventually ending the session at $52.51, with a gain of 0.17% or 0.09 points. The heightened volatility saw the trading volume jump to 6,75,897 shares. Company has a market cap of $7,324 M.

On the company’s financial health, Crown Holdings reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.62. The company had revenue of $1893.00 million for the quarter, compared to analysts expectations of $2031.69 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Crown Holdings. Crown Holdings was Initiated by Goldman to “Neutral” on May 12, 2016. Crown Holdings was Upgraded by BofA/Merrill to ” Buy” on Feb 19, 2016.

Crown Holdings Inc. is engaged in 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. Within the Americas Division the Company operates Americas Beverage and North America Food. Within the European Division the Company operates European Beverage and European Food. The Company’s Asia Pacific Division consists of beverage can operations and also includes the Company’s non-beverage can operations such as food cans and specialty packaging. The Company also operates European aerosol and specialty packaging business its North American aerosol can business and its tooling and equipment operations in the United States and United Kingdom. The Company’s products include steel and aluminum cans for food beverage household and other consumer products and metal vacuum closures and caps.

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