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 11.31% during the most recent quarter end. The investment management company now holds a total of 233,162 shares of Crown Holdings which is valued at $12,490,488 after selling 29,737 shares in Crown Holdings , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Crown Holdings makes up approximately 5.34% of Grand Jean Capital Management Inc’s portfolio.

Other Hedge Funds, Including , First Foundation Advisors boosted its stake in CCK in the latest quarter, The investment management firm added 1,032 additional shares and now holds a total of 9,801 shares of Crown Holdings which is valued at $525,040. Crown Holdings makes up approx 0.04% of First Foundation Advisors’s portfolio.Comerica Bank reduced its stake in CCK by selling 2,252 shares or 20.38% in the most recent quarter. The Hedge Fund company now holds 8,796 shares of CCK which is valued at $463,461. Checchi Capital Advisers sold out all of its stake in CCK during the most recent quarter. The investment firm sold 913 shares of CCK which is valued $48,106.Mitsubishi Ufj Trust Banking Corp boosted its stake in CCK in the latest quarter, The investment management firm added 3,977 additional shares and now holds a total of 291,764 shares of Crown Holdings which is valued at $15,373,045. Crown Holdings makes up approx 0.03% of Mitsubishi Ufj Trust Banking Corp’s portfolio. Mondrian Investment Partners Ltd added CCK to its portfolio by purchasing 1,273,935 company shares during the most recent quarter which is valued at $69,060,016. Crown Holdings makes up approx 1.78% of Mondrian Investment Partners Ltd’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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