Sasco Capital Inc Ct Lowers stake in Crown Holdings (CCK)

Crown Holdings (CCK) : Sasco Capital Inc Ct reduced its stake in Crown Holdings by 5.29% during the most recent quarter end. The investment management company now holds a total of 2,992,832 shares of Crown Holdings which is valued at $161,642,856 after selling 167,010 shares in Crown Holdings , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Crown Holdings makes up approximately 3.95% of Sasco Capital Inc Ct’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board boosted its stake in CCK in the latest quarter, The investment management firm added 24,620 additional shares and now holds a total of 263,299 shares of Crown Holdings which is valued at $14,220,779. Crown Holdings makes up approx 0.05% of State Of Wisconsin Investment Board’s portfolio.Rathbone Brothers Plc boosted its stake in CCK in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 9,070 shares of Crown Holdings which is valued at $478,805. Crown Holdings makes up approx 0.03% of Rathbone Brothers Plc’s portfolio.California State Teachers Retirement System reduced its stake in CCK by selling 15,759 shares or 5.24% in the most recent quarter. The Hedge Fund company now holds 284,724 shares of CCK which is valued at $15,030,580. Crown Holdings makes up approx 0.03% of California State Teachers Retirement System’s portfolio.Rs Investment Management Co boosted its stake in CCK in the latest quarter, The investment management firm added 22,646 additional shares and now holds a total of 470,676 shares of Crown Holdings which is valued at $25,242,354. Crown Holdings makes up approx 0.25% of Rs Investment Management Co’s portfolio.

Crown Holdings opened for trading at $54.18 and hit $54.28 on the upside on Tuesday, eventually ending the session at $54, with a gain of 0.20% or 0.11 points. The heightened volatility saw the trading volume jump to 5,71,310 shares. Company has a market cap of $7,543 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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