Assenagon Asset Management S.A. Has $6.78 Million Stake in Crh Plc $CRH

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Assenagon Asset Management S.A. significantly reduced its stake in CRH Plc by 96.5% in the fourth quarter, selling over 1.5 million shares and retaining 54,294 shares valued at $6.78 million. This comes as CRH missed Q4 earnings and revenue expectations, despite a 6.2% year-over-year revenue increase. Analysts, however, maintain a “Moderate Buy” rating with an average target price of $137.86, and CRH recently increased its quarterly dividend.

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