SG Americas Securities LLC Buys New Stake in Crh Plc (CRH)

SG Americas Securities LLC acquired a new position in shares of Crh Plc (NYSE:CRH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,165 shares of the construction company’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in CRH by 781.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock worth $134,000 after buying an additional 3,361 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in CRH during the second quarter worth $149,000. Advisor Group Inc. raised its holdings in CRH by 38.6% during the second quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock worth $160,000 after buying an additional 1,259 shares during the last quarter. Quantbot Technologies LP raised its holdings in CRH by 307.1% during the second quarter. Quantbot Technologies LP now owns 7,319 shares of the construction company’s stock worth $259,000 after buying an additional 5,521 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in CRH by 11.3% during the second quarter. Eagle Asset Management Inc. now owns 9,101 shares of the construction company’s stock worth $322,000 after buying an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 3.42% of the company’s stock.

Several research analysts have weighed in on CRH shares. Morgan Stanley upgraded shares of CRH from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $30.50 to $32.50 in a report on Wednesday, September 13th. Jefferies Group started coverage on shares of CRH in a report on Wednesday, September 27th. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded shares of CRH from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.50.

Shares of Crh Plc (CRH) opened at $34.29 on Tuesday. 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 1-year low of $32.82 and a 1-year high of $38.06.

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CRH 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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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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