Grand Jean Capital Management Inc Lowers stake in Crown Holdings (CCK)

Crown Holdings (CCK) : Grand Jean Capital Management Inc reduced its stake in Crown Holdings by 3.5% during the most recent quarter end. The investment management company now holds a total of 262,899 shares of Crown Holdings which is valued at $14,199,175 after selling 9,543 shares in Crown Holdings , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Crown Holdings makes up approximately 5.79% of Grand Jean Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A reduced its stake in CCK by selling 18,519 shares or 24.17% in the most recent quarter. The Hedge Fund company now holds 58,109 shares of CCK which is valued at $3,138,467. Crown Holdings makes up approx 0.01% of Credit Agricole S A’s portfolio.Td Asset Management Inc boosted its stake in CCK in the latest quarter, The investment management firm added 770 additional shares and now holds a total of 27,650 shares of Crown Holdings which is valued at $1,495,312. Fox Run Management L.l.c. added CCK to its portfolio by purchasing 9,300 company shares during the most recent quarter which is valued at $486,018. Crown Holdings makes up approx 0.23% of Fox Run Management L.l.c.’s portfolio.Stillwater Capital Advisors reduced its stake in CCK by selling 19 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 6,134 shares of CCK which is valued at $318,109. Crown Holdings makes up approx 0.09% of Stillwater Capital Advisors’s portfolio.

Crown Holdings closed down -0.04 points or -0.07% at $54.13 with 3,99,210 shares getting traded on Friday. Post opening the session at $53.92, the shares hit an intraday low of $53.51 and an intraday high of $54.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Crown Holdings reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.11. The company had revenue of $2142.00 million for the quarter, compared to analysts expectations of $2239.75 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

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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