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The impact of the recent financial analysis on Saint-Gobain
On April 17, 2023, SOCIETE GENERALE downgraded its outlook for Cie de Saint-Gobain (EPA:SGO) from Buy to Hold.
Saint-Gobain is a world leader in the manufacture and distribution of building materials, with a strong presence in the European market. The company is known for its innovations in glass, insulation, and other products for sustainable construction.
Movements of Institutional Shareholders
DFIEX - International Core Equity Portfolio - Institutional Class holds 1,221,000 shares, representing 0.24% of the company's ownership. No changes in the last quarter.
SWMIX - Laudus International MarketMasters Fund Select Shares holds 9,000 shares. The firm increased its portfolio allocation in SGO by 21.72% in the last quarter.
THRIVENT SERIES FUND INC - Thrivent International Index Portfolio has 5,000 shares. The firm increased its portfolio allocation in SGO by 16.34% in the last quarter.
EZU - iShares MSCI Eurozone ETF holds 646,000 shares, representing 0.13% of the ownership. The firm decreased its portfolio allocation in SGO by 0.64% in the last quarter.
Advanced Series Trust - Ast International Value Portfolio holds 22,000 shares. The firm increased its portfolio allocation in SGO by 13.94% in the last quarter.
Fund Sentiment
There are 418 funds or institutions reporting positions in Cie de Saint-Gobain. This represents a decrease of 12 owners or 2.79% in the last quarter. The average weight of the portfolio of all funds dedicated to SGO is 0.40%, an increase of 18.38%. The total number of shares held by institutions increased in the last three months by 1.03% to 67,832,000 shares.
The downgrade by SOCIETE GENERALE may be related to the outlook for the construction sector in Europe, which is facing challenges due to economic uncertainty and rising material costs. However, the overall increase in institutional positions suggests that some investors maintain a positive long-term view on Saint-Gobain.