CROWN HOLDINGS Increases Stake in Company by Purchasing 1625 Shares
January 28, 2023
Trending News ☀️
CROWN HOLDINGS ($NYSE:CCK) is a global leader in the design, manufacture, and sale of packaging products and equipment.
Price History
This news was mostly received positively, as the company’s stock opened at $86.0 on Thursday and closed at $85.5, down by 1.0% from its closing price on Wednesday of 86.4. Despite this minor decrease, the stock price of CROWN HOLDINGS remains relatively high. The additional share purchase is the latest in a series of moves by the company to increase its stake in the company. The company has been actively seeking out ways to increase their stake and position in the market. They are recognized for their comprehensive portfolio of products and services, which ranges from beverage cans to food containers and closures, as well as aerosol cans and specialty packaging.
The purchase of additional shares is seen as a positive sign for the company, as it shows their commitment to further investing in their business and continuing to grow their portfolio. With their strong presence in the packaging industry, CROWN HOLDINGS is well-positioned to benefit from increased demand for packaging solutions both now and into the future. As such, this recent share purchase is an encouraging development for shareholders and investors alike. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crown Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 12.98k | -363 | -2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crown Holdings. More…
| Operations | Investing | Financing |
| 794 | -696 | -1.8k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crown Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.22k | 12.09k | 13.89 |
Key Ratios Snapshot
Some of the financial key ratios for Crown Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.8% | 4.3% | -1.0% |
| FCF Margin | ROE | ROA |
| -0.9% | -4.8% | -0.6% |
VI Analysis
Investors who are looking for long-term potential in their investments should look to company fundamentals. VI app simplifies the analysis process of companies, and gives an easy to understand overview. For example, the VI Star Chart for CROWN HOLDINGS shows that it is strong in asset, dividend, profitability and weak in growth. It has a high health score of 8/10, indicating its capability to ride out any crisis without the risk of bankruptcy. CROWN HOLDINGS is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes the stock attractive to investors who are looking for steady income over time. The company also has strong fundamentals, making it attractive to investors who are looking for a long-term investment with a good return. Investors who are considering investing in CROWN HOLDINGS should consider its fundamentals, such as its financial health, performance, dividend yield, and growth potential. These will help them understand the company’s long-term potential and make an informed decision about investing. More…
VI Peers
Crown Holdings Inc. is one of the leading companies in the metal packaging industry. It has a strong presence in North America, Europe, and Asia. The company’s main competitors are Great China Metal Industry Co Ltd, Xiamen Jihong Technology Co Ltd, Huhtamäki Oyj.
– Great China Metal Industry Co Ltd ($TWSE:9905)
Great China Metal Industry Co Ltd is a Chinese company that manufactures metal products. Its market cap as of 2022 is 7.44B and its ROE is 5.87%. The company has a wide range of products that it manufactures, including metal pipes, metal plates, metal sheets, and metal wire. It also has a wide range of customers, including both domestic and international companies.
– Xiamen Jihong Technology Co Ltd ($SZSE:002803)
Xiamen Jihong Technology Co Ltd is a Chinese company that manufactures and sells electronic products. The company has a market cap of 4.46B as of 2022 and a Return on Equity of 6.26%. The company’s products include mobile phones, digital cameras, and other electronic devices.
– Huhtamäki Oyj ($LTS:0K9W)
Huthamaki Oyj is a Finnish food packaging company. It is headquartered in Espoo, Finland. The company was founded in 1920. It is listed on the Nasdaq Helsinki stock exchange. The company’s products include paper and plastic cups, plates, and containers. The company has operations in Europe, Asia, and North America.
Summary
CROWN HOLDINGS recently increased its stake in the company by purchasing 1625 shares, signaling a positive outlook for the company’s future. This is evidenced by the mostly positive news surrounding the company at the time of writing. Analysts believe that this purchase is a sign of confidence in CROWN HOLDINGS and its ability to generate long-term returns. Investors may find this investment attractive due to the potential for upside in the stock price and dividends.
Additionally, investors should consider the company’s fundamentals and overall financial health when making investment decisions. Overall, CROWN HOLDINGS looks poised to continue its growth, making it an attractive option for investors looking to add to their portfolios.
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