Thu Sep 26 15:03:25 UTC 2024: ## Crown Holdings Sees Institutional Interest and Insider Sales

**New York, NY** – Crown Holdings, Inc. (NYSE: CCK), a leading packaging company, has seen a mix of institutional interest and insider selling in recent months. Pacer Advisors Inc. trimmed its stake in the company slightly, while several other funds bought new positions or increased their holdings.

**Hedge Funds and Institutional Investors Active**

Pacer Advisors Inc., a prominent investment firm, reduced its position in Crown by 0.8% during the second quarter, selling off 202 shares. However, other investors were more bullish. Rise Advisors LLC, Quest Partners LLC, and Mather Group LLC all established new positions in the company during the first quarter. Quarry LP significantly boosted its stake by 190.3% in the fourth quarter. Institutional investors and hedge funds now hold 90.93% of Crown’s stock.

**Insider Sales Raise Eyebrows**

On the other hand, Crown’s CEO, Timothy J. Donahue, has been selling shares of the company. In August, he sold 7,500 shares at an average price of $85.85, netting $643,875. In July, he sold another 15,000 shares at an average price of $85.03, bringing in $1,275,450. While these sales represent a small portion of his overall holdings, they could raise questions about his confidence in the company’s future.

**Company Financials and Dividend**

Crown recently reported strong second-quarter earnings, beating analyst estimates. Revenue, however, fell slightly compared to the same period last year. The company also declared a quarterly dividend of $0.25 per share, payable on August 29th.

**Stock Performance**

Crown’s stock opened at $94.74 on Thursday, with a market capitalization of $11.43 billion. It has a P/E ratio of 27.30, a P/E/G ratio of 2.26, and a beta of 0.85.

Analysts are forecasting that Crown will post earnings per share of 6.15 for the current fiscal year. While the company is facing some headwinds, its strong financial performance and commitment to dividends suggest it remains a solid investment for many investors.

Read More