Osterweis Capital Management Inc Lowers stake in Crown Holdings (CCK)

Crown Holdings (CCK) : Osterweis Capital Management Inc reduced its stake in Crown Holdings by 14.64% during the most recent quarter end. The investment management company now holds a total of 1,508,088 shares of Crown Holdings which is valued at $81,451,833 after selling 258,670 shares in Crown Holdings , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Crown Holdings makes up approximately 5.32% of Osterweis Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CCK in the latest quarter, The investment management firm added 23,192 additional shares and now holds a total of 145,691 shares of Crown Holdings which is valued at $7,868,771. Crown Holdings makes up approx 0.02% of Rhumbline Advisers’s portfolio.Bb&t Securities reduced its stake in CCK by selling 19,443 shares or 36.39% in the most recent quarter. The Hedge Fund company now holds 33,987 shares of CCK which is valued at $1,838,017. Crown Holdings makes up approx 0.03% of Bb&t Securities’s portfolio.Checchi Capital Advisers boosted its stake in CCK in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 913 shares of Crown Holdings which is valued at $48,380. Crown Holdings makes up approx 0.01% of Checchi Capital Advisers’s portfolio. Dowling Yahnke sold out all of its stake in CCK during the most recent quarter. The investment firm sold 4,990 shares of CCK which is valued $264,420.

Crown Holdings opened for trading at $53.18 and hit $53.76 on the upside on Monday, eventually ending the session at $53.75, with a gain of 1.13% or 0.6 points. The heightened volatility saw the trading volume jump to 6,79,671 shares. Company has a market cap of $7,508 M.

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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