Advisors Preferred LLC acquired a new stake in Crh Plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,612 shares of the construction company’s stock, valued at approximately $105,000.
Other hedge funds have also made changes to their positions in the company. Huntington National Bank increased its stake in CRH by 64.1% during the 4th quarter. Huntington National Bank now owns 2,030 shares of the construction company’s stock worth $82,000 after buying an additional 793 shares during the period. First Hawaiian Bank acquired a new stake in CRH during the 4th quarter worth approximately $216,000. Manning & Napier Group LLC boosted its position in CRH by 3.1% in the 4th quarter. Manning & Napier Group LLC now owns 96,865 shares of the construction company’s stock valued at $3,906,000 after buying an additional 2,953 shares during the period. Millennium Management LLC purchased a new position in CRH in the 3rd quarter valued at approximately $6,667,000. Finally, Squarepoint Ops LLC purchased a new position in CRH in the 3rd quarter valued at approximately $265,000. Hedge funds and other institutional investors own 4.75% of the company’s stock.
Shares of CRH stock opened at $38.42 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Crh Plc has a 52-week low of $28.20 and a 52-week high of $40.88. The company has a market capitalization of $32.57 billion, a P/E ratio of 16.78 and a beta of 0.94. The company has a 50 day moving average of $39.48 and a 200 day moving average of $35.64.
CRH has been the topic of a number of recent research reports. Barclays lowered CRH from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 16th. ValuEngine lowered CRH from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Deutsche Bank reiterated a “buy” rating on shares of CRH in a report on Monday, October 14th. Kepler Capital Markets cut CRH from a “hold” rating to a “reduce” rating in a research note on Wednesday, November 20th. Finally, Zacks Investment Research upgraded CRH from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.80.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.
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