Jane Street Group LLC cut its stake in shares of Crh Plc (NYSE:CRH) by 60.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,833 shares of the construction company’s stock after selling 158,352 shares during the period. Jane Street Group LLC’s holdings in Crh Plc were worth $3,617,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC increased its stake in Crh Plc by 25.6% in the first quarter. Parametric Portfolio Associates LLC now owns 559,914 shares of the construction company’s stock valued at $19,692,000 after buying an additional 114,087 shares during the period. Garde Capital Inc. acquired a new stake in Crh Plc during the fourth quarter valued at approximately $244,000. Capstone Asset Management Co. increased its stake in Crh Plc by 10.4% in the first quarter. Capstone Asset Management Co. now owns 85,223 shares of the construction company’s stock valued at $2,997,000 after buying an additional 8,020 shares during the period. Renaissance Technologies LLC acquired a new stake in Crh Plc during the fourth quarter valued at approximately $5,604,000. Finally, Wetherby Asset Management Inc. increased its stake in Crh Plc by 14.0% in the first quarter. Wetherby Asset Management Inc. now owns 13,049 shares of the construction company’s stock valued at $459,000 after buying an additional 1,606 shares during the period. 4.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Crh Plc (CRH) traded down 0.66% during mid-day trading on Tuesday, reaching $36.27. 330,072 shares of the company were exchanged. The stock has a market capitalization of $30.19 billion, a P/E ratio of 21.73 and a beta of 1.02. The stock has a 50 day moving average price of $36.51 and a 200-day moving average price of $35.07. Crh Plc has a 12 month low of $25.82 and a 12 month high of $38.04.
CRH has been the topic of a number of recent analyst reports. Bank of America Corporation raised shares of Crh Plc from a “neutral” rating to a “buy” rating in a report on Friday, April 21st. Deutsche Bank AG reissued a “neutral” rating on shares of Crh Plc in a report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.
Crh Plc Company Profile
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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