BARING ASSET MANAGEMENT Ltd Grows Holdings in Cemex S.A.B. de C.V. (CX)

BARING ASSET MANAGEMENT Ltd raised its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 506.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 536,400 shares of the construction company’s stock after purchasing an additional 447,896 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Cemex S.A.B. de C.V. were worth $4,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners purchased a new stake in shares of Cemex S.A.B. de C.V. during the second quarter valued at approximately $131,831,000. Dodge & Cox grew its holdings in shares of Cemex S.A.B. de C.V. by 13.9% during the second quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock valued at $676,977,000 after buying an additional 8,781,290 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Cemex S.A.B. de C.V. in the second quarter worth approximately $80,758,000. Lazard Asset Management LLC boosted its holdings in Cemex S.A.B. de C.V. by 4,464.4% in the second quarter. Lazard Asset Management LLC now owns 6,150,276 shares of the construction company’s stock worth $57,934,000 after purchasing an additional 6,015,533 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Cemex S.A.B. de C.V. by 16.8% in the second quarter. Acadian Asset Management LLC now owns 31,336,598 shares of the construction company’s stock worth $295,194,000 after purchasing an additional 4,516,076 shares during the last quarter. 42.00% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on CX. Citigroup Inc. cut shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price on the stock. in a report on Monday, July 17th. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded shares of Cemex S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Berenberg Bank reiterated a “hold” rating and issued a $8.40 price target on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. Finally, Bank of America Corporation downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $10.60 to $10.70 in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $10.59.

COPYRIGHT VIOLATION WARNING: This piece was reported by Week Herald and is owned by of Week Herald. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://weekherald.com/2017/11/15/baring-asset-management-ltd-increases-stake-in-cemex-s-a-b-de-c-v-cx.html.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) traded down $0.19 during midday trading on Tuesday, reaching $7.91. 17,364,500 shares of the company’s stock were exchanged, compared to its average volume of 9,789,709. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 0.74. The company has a market cap of $11,828.17, a P/E ratio of 12.67, a P/E/G ratio of 1.03 and a beta of 1.35. Cemex S.A.B. de C.V. has a one year low of $7.34 and a one year high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a return on equity of 8.71% and a net margin of 8.38%. equities analysts anticipate that Cemex S.A.B. de C.V. will post 0.5 earnings per share for the current fiscal year.

Cemex S.A.B. de C.V. Company Profile

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

Receive News & Ratings for Cemex S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply