Crown Holdings Stocks Sold by Compagnie Lombard Odier

Compagnie Lombard Odier SCmA, a significant player in the investment world, recently slashed its stake in Crown Holdings Inc. According to its latest filing with the SEC, the company sold off a whopping 60.8% of its shares during the fourth quarter, leaving them with just 775 shares, valued at $71,000 by the reporting period’s end.

But they’re not the only ones making moves. Hudson Bay Capital Management LP upped its game, increasing its holdings in Crown by 55.6% during the third quarter, now sitting on 70,000 shares valued at $6,194,000. Wellington Management Group LLP and SeaTown Holdings Pte. Ltd. also joined the action, bolstering their portfolios with additional Crown shares. Institutional investors and hedge funds now hold a hefty 95.18% of the company’s stock.

Meanwhile, inside the company, CEO Timothy J. Donahue sold off 7,500 shares, ringing in a hefty sum of $682,200. With this sale, Donahue now owns 651,264 shares, valued at around $59,238,973.44. Such insider transactions often hint at the company’s performance and future prospects.

However, despite these movements, Crown’s stock saw a minor dip of 0.2% as it opened at $77.39 on Tuesday. With a market cap of $9.35 billion and a price-to-earnings ratio of 20.58, Crown Holdings is navigating its financial landscape. The company’s recent earnings report showed a slight miss on expectations, with earnings per share coming in at $1.24 for the quarter, below the estimated $1.43.

Although revenue also fell short of analyst predictions at $2.86 billion, down 5.1% from the previous year, Crown remains optimistic. Analysts forecast earnings per share to reach 5.95 for the current fiscal year, suggesting potential growth on the horizon.

In the dynamic world of stock markets, every move matters, and Crown Holdings Inc. is no exception. As investors jostle for positions and company insiders make strategic decisions, the future of Crown’s stock remains an intriguing story to watch.