5 Best Stocks to Buy According to Ed Bosek’s BeaconLight Capital

2. Crown Holdings, Inc. (NYSE:CCK)

BeaconLight Capital’s Stake Value: $17 million

Percentage of BeaconLight Capital’s 13F Portfolio: 7.88%

Number of Hedge Fund Holders: 53

Crown Holdings, Inc. (NYSE:CCK) is a packaging products and equipment manufacturer and seller for the industrial and consumer goods products industries. The firm is one of the oldest in the world, after being set up in 1892 and it is headquartered in Yardley, Pennsylvania.

Crown Holdings, Inc. (NYSE:CCK) is the world’s second larger manufacturer of aluminum beverage cans and it heavily benefited from inflation during its second fiscal quarter, as its revenue grew by 25% annually and 10% sequentially to stand at $3.5 billion. The company also pays a 22 cent dividend for a 1.05% yield.

As this year’s second quarter ended, BeaconLight Capital owned 184,459 Crown Holdings, Inc. (NYSE:CCK) shares for a $17 million stake that represented 7.88% of its investment portfolio. For the same time period, 53 out of the 895 hedge funds polled by Insider Monkey had also invested in the company.

Out of these, David S. Winter and David J. Millstone’s 40 North Management is Crown Holdings, Inc. (NYSE:CCK)’s largest investor through a $237 million stake that came through 2.5 million shares.