Cubist Systematic Strategies LLC trimmed its position in Crh Plc (NYSE:CRH) by 40.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,647 shares of the construction company’s stock after selling 17,454 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in CRH were worth $971,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CRH. Oppenheimer & Co. Inc. lifted its position in shares of CRH by 7.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 46,695 shares of the construction company’s stock valued at $1,656,000 after acquiring an additional 3,130 shares during the period. Financial Counselors Inc. bought a new stake in shares of CRH during the 3rd quarter valued at $303,000. Airain ltd bought a new stake in shares of CRH during the 2nd quarter valued at $1,181,000. Suntrust Banks Inc. lifted its position in shares of CRH by 2.3% during the 2nd quarter. Suntrust Banks Inc. now owns 107,111 shares of the construction company’s stock valued at $3,796,000 after acquiring an additional 2,378 shares during the period. Finally, Renaissance Group LLC lifted its position in shares of CRH by 4.4% during the 2nd quarter. Renaissance Group LLC now owns 417,765 shares of the construction company’s stock valued at $14,818,000 after acquiring an additional 17,539 shares during the period. 3.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Crh Plc (CRH) traded up $0.18 during mid-day trading on Friday, hitting $37.32. The company had a trading volume of 583,232 shares, compared to its average volume of 1,388,789. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.57. Crh Plc has a twelve month low of $32.82 and a twelve month high of $38.06. The company has a market cap of $30,890.00, a P/E ratio of 19.54, a P/E/G ratio of 2.52 and a beta of 0.91.
A number of research firms have recently weighed in on CRH. Jefferies Group initiated coverage on CRH in a research report on Wednesday, September 27th. They set a “buy” rating for the company. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research downgraded CRH from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. CRH presently has a consensus rating of “Hold” and an average price target of $32.50.
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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