Marshall Sullivan Inc Wa buys $2,914,797 stake in Crown Holdings (CCK)

Crown Holdings (CCK) : Marshall Sullivan Inc Wa scooped up 56 additional shares in Crown Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 54,411 shares of Crown Holdings which is valued at $2,914,797.Crown Holdings makes up approximately 3.89% of Marshall Sullivan Inc Wa’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in CCK by selling 3,605 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 106,731 shares of CCK which is valued at $5,717,580. Crown Holdings makes up approx 0.03% of Nuveen Asset Management’s portfolio.Bronfman E.l. Rothschild boosted its stake in CCK in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 4,207 shares of Crown Holdings which is valued at $223,139. Crown Holdings makes up approx 0.04% of Bronfman E.l. Rothschild’s portfolio.

Crown Holdings opened for trading at $52.88 and hit $53.65 on the upside on Monday, eventually ending the session at $53.29, with a gain of 0.59% or 0.31 points. The heightened volatility saw the trading volume jump to 8,96,503 shares. Company has a market cap of $7,450 M.

On the company’s financial health, Crown Holdings reported $1.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $1.30. The company had revenue of $2326.00 million for the quarter, compared to analysts expectations of $2391.23 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.34 EPS.

Many Wall Street Analysts have commented on Crown Holdings. RBC Capital Mkts Initiated Crown Holdings on Sep 30, 2016 to “Outperform”, Price Target of the shares are set at $65.

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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