Baillie Gifford & Company Decreased Its Holding in Embraer Adr (ERJ) as Share Price Declined; Crown Holdings (CCK) Position Lifted by Grand Jean Capital Management Inc

August 12, 2018 - By Carolyn Hewitt

Crown Holdings, Inc. (NYSE:CCK) Logo

Grand Jean Capital Management Inc increased its stake in Crown Holdings Inc (CCK) by 18.49% based on its latest 2018Q1 regulatory filing with the SEC. Grand Jean Capital Management Inc bought 41,939 shares as the company’s stock declined 11.09% with the market. The institutional investor held 268,730 shares of the consumer durables company at the end of 2018Q1, valued at $13.64 million, up from 226,791 at the end of the previous reported quarter. Grand Jean Capital Management Inc who had been investing in Crown Holdings Inc for a number of months, seems to be bullish on the $5.79B market cap company. The stock decreased 4.16% or $1.86 during the last trading session, reaching $42.84. About 3.37 million shares traded or 66.91% up from the average. Crown Holdings, Inc. (NYSE:CCK) has declined 20.25% since August 12, 2017 and is downtrending. It has underperformed by 32.82% the S&P500. Some Historical CCK News: 18/04/2018 – Crown Holdings 1Q EPS 67c; 15/05/2018 – Lyrical Asset Management Buys 2.6% Position in Crown Holdings; 23/04/2018 – Crown Holdings Closes Below 50-Day Moving Average: Technicals; 03/04/2018 Crown Holdings Completes Signode Acquisition; 18/04/2018 – Crown Holdings Sees FY18 Adj EPS $5.35-Adj EPS $5.55; 14/05/2018 – CLINTON GROUP EXITED PPL, MXIM, TSN, EIX, CCK IN 1Q: 13F; 23/04/2018 – DJ Crown Holdings Inc, Inst Holders, 1Q 2018 (CCK); 25/05/2018 – Hartford MidCap Value Adds FMC Corp, Exits Crown Holdings; 24/04/2018 – North America Aerosol Cans Market Forecast to 2023, With Ball Corporation, Crown Holdings, BWAY Corporation, Exal Corporation & CCL Container Leading The Market – ResearchAndMarkets.com

Baillie Gifford & Company decreased its stake in Embraer Adr (ERJ) by 2.82% based on its latest 2018Q1 regulatory filing with the SEC. Baillie Gifford & Company sold 91,668 shares as the company’s stock declined 9.07% with the market. The institutional investor held 3.16M shares of the aerospace company at the end of 2018Q1, valued at $82.27M, down from 3.26M at the end of the previous reported quarter. Baillie Gifford & Company who had been investing in Embraer Adr for a number of months, seems to be less bullish one the $3.34B market cap company. The stock decreased 2.28% or $0.44 during the last trading session, reaching $18.86. About 1.22 million shares traded. Embraer S.A. (NYSE:ERJ) has risen 26.21% since August 12, 2017 and is uptrending. It has outperformed by 13.64% the S&P500. Some Historical ERJ News: 22/03/2018 – Jane’s Defence: Chilean Air Force receives more Embraer Super Tucanos; 08/03/2018 – BOEING CEO SAYS SELECTIVE ACQUISITIONS ON SCALE OF POSSIBLE EMBRAER TIE-UP ‘VERY DOABLE’ WITHOUT ALTERING CASH DEPLOYMENT STRATEGY; 12/04/2018 – Embraer and Boeing discussing a commercial aviation alliance; 16/04/2018 – Embraer Delivers 14 Commercial and 11 Executive Jets in 1Q18; 04/04/2018 – EMBRAER CEO SAYS OPTMISTIC ABOUT SALES CAMPAIGN TO JETBLUE; CONCLUSION YET NOT AT SIGHT; 08/03/2018 – EMBRAER SEES 2018 TOTAL INVESTMENTS AT $550M; 09/03/2018 – EMERGING MARKETS-Latin American equities jump on U.S. jobs data; 17/04/2018 – CANADA HAD ASKED WTO PANEL TO THROW OUT BRAZIL’S CLAIMS REGARDING PROVISION OF UP TO C$950 MLN FOR SUPER CLUSTERS AND SEVERAL PROGRAMMES IN QUEBEC AND MONTREAL – WTO PRELIMINARY RULING; 08/03/2018 – EMBRAER EXPECTS TO DELIVER 85-95 COMMERCIAL JETS IN 2018 -FILING; 08/03/2018 – EMBRAER CEO: OUTCOME ON BOEING DEAL SOON IS IMPORTANT

More notable recent Embraer S.A. (NYSE:ERJ) news were published by: Seekingalpha.com which released: “Embraer plane crashes in Mexico” on August 01, 2018, also Fool.com with their article: “Textron’s Wolverine Attack Aircraft Lives to Fight Another Day” published on August 12, 2018, Seekingalpha.com published: “United Airlines announces aircraft orders” on July 16, 2018. More interesting news about Embraer S.A. (NYSE:ERJ) were released by: Benzinga.com and their article: “Embraer Earnings Preview” published on July 26, 2018 as well as Seekingalpha.com‘s news article titled: “Embraer Blew The Airbus A220 Away?” with publication date: July 25, 2018.

Baillie Gifford & Company, which manages about $85.27 billion US Long portfolio, upped its stake in Ceva Inc (NASDAQ:CEVA) by 105,861 shares to 321,250 shares, valued at $11.63 million in 2018Q1, according to the filing. It also increased its holding in American Express (NYSE:AXP) by 92,764 shares in the quarter, for a total of 863,087 shares, and has risen its stake in Codexis (NASDAQ:CDXS).

Among 12 analysts covering Embraer Sa (NYSE:ERJ), 4 have Buy rating, 3 Sell and 5 Hold. Therefore 33% are positive. Embraer Sa had 32 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Embraer S.A. (NYSE:ERJ) earned “Sell” rating by UBS on Tuesday, November 22. On Tuesday, November 1 the stock rating was upgraded by Drexel Hamilton to “Buy”. The rating was maintained by Cowen & Co with “Hold” on Monday, January 22. The rating was initiated by JP Morgan on Thursday, October 6 with “Overweight”. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, October 17. The stock of Embraer S.A. (NYSE:ERJ) earned “Hold” rating by Cowen & Co on Friday, July 28. Credit Suisse downgraded the stock to “Hold” rating in Friday, December 22 report. The firm has “Hold” rating by J.P. Morgan given on Tuesday, October 31. As per Thursday, March 10, the company rating was downgraded by Bank of America. Deutsche Bank downgraded Embraer S.A. (NYSE:ERJ) on Tuesday, October 17 to “Hold” rating.

Analysts await Embraer S.A. (NYSE:ERJ) to report earnings on October, 26. They expect $0.07 EPS, down 82.93% or $0.34 from last year’s $0.41 per share. ERJ’s profit will be $12.41M for 67.36 P/E if the $0.07 EPS becomes a reality. After $0.03 actual EPS reported by Embraer S.A. for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

Among 18 analysts covering Crown Holdings (NYSE:CCK), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Crown Holdings had 54 analyst reports since July 22, 2015 according to SRatingsIntel. Wells Fargo maintained it with “Market Perform” rating and $60 target in Friday, October 20 report. The stock of Crown Holdings, Inc. (NYSE:CCK) has “Buy” rating given on Friday, June 23 by BMO Capital Markets. On Friday, February 5 the stock rating was maintained by Macquarie Research with “Outperform”. The company was maintained on Thursday, July 19 by UBS. The firm has “Buy” rating given on Friday, July 21 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Monday, October 23 with “Buy”. As per Friday, July 21, the company rating was downgraded by Vertical Research. The stock of Crown Holdings, Inc. (NYSE:CCK) earned “Overweight” rating by Barclays Capital on Friday, October 20. Bank of America downgraded the stock to “Neutral” rating in Tuesday, September 15 report. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, April 20 report.

Since May 31, 2018, it had 1 buying transaction, and 0 sales for $432,500 activity.

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.26, from 1.16 in 2017Q4. It dropped, as 45 investors sold CCK shares while 110 reduced holdings. 32 funds opened positions while 108 raised stakes. 118.40 million shares or 1.10% more from 117.11 million shares in 2017Q4 were reported. Fifth Third State Bank holds 0% or 1,367 shares. Susquehanna Intl Gru Ltd Liability Partnership stated it has 0% of its portfolio in Crown Holdings, Inc. (NYSE:CCK). State Board Of Administration Of Florida Retirement System invested in 0.03% or 191,009 shares. 557,874 are held by Dimensional Fund Ltd Partnership. Wealthtrust reported 0.01% in Crown Holdings, Inc. (NYSE:CCK). Dreman Value Mngmt L L C holds 0.18% of its portfolio in Crown Holdings, Inc. (NYSE:CCK) for 7,764 shares. Morgan Stanley reported 0.03% of its portfolio in Crown Holdings, Inc. (NYSE:CCK). 11,034 are owned by Gam Holdings Ag. First Republic Inv Mngmt owns 0% invested in Crown Holdings, Inc. (NYSE:CCK) for 6,950 shares. Sentry Investments has 1.39 million shares. Korea Corp holds 18,300 shares. Robeco Institutional Asset Bv owns 0% invested in Crown Holdings, Inc. (NYSE:CCK) for 6,869 shares. Point72 Asset Management Limited Partnership, Connecticut-based fund reported 1.60M shares. Royal Fincl Bank Of Canada invested in 279,215 shares or 0.01% of the stock. Boston Prtn holds 0.19% or 3.14M shares.

Grand Jean Capital Management Inc, which manages about $351.43 million and $264.19M US Long portfolio, decreased its stake in Alphabet Inc Class C (NASDAQ:GOOG) by 818 shares to 15,332 shares, valued at $15.82 million in 2018Q1, according to the filing. It also reduced its holding in Berkshire Hathaway I (BRKB) by 2,549 shares in the quarter, leaving it with 114,404 shares, and cut its stake in Comcast Corp (NASDAQ:CMCSA).

Crown Holdings, Inc. (NYSE:CCK) Institutional Positions Chart

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