Highbridge Capital Management LLC Purchases 28,391 Shares of Cemex SAB de CV (CX)

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Highbridge Capital Management LLC boosted its position in shares of Cemex SAB de CV (NYSE:CX) by 63.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,111 shares of the construction company’s stock after purchasing an additional 28,391 shares during the quarter. Highbridge Capital Management LLC’s holdings in Cemex SAB de CV were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CX. Global Thematic Partners LLC bought a new stake in Cemex SAB de CV during the 1st quarter worth about $69,040,000. Brandes Investment Partners LP grew its position in shares of Cemex SAB de CV by 32.2% during the 4th quarter. Brandes Investment Partners LP now owns 39,565,905 shares of the construction company’s stock worth $296,744,000 after buying an additional 9,643,184 shares during the period. BlackRock Inc. grew its position in shares of Cemex SAB de CV by 96.2% during the 1st quarter. BlackRock Inc. now owns 13,541,945 shares of the construction company’s stock worth $89,648,000 after buying an additional 6,639,112 shares during the period. Emerging Sovereign Group LLC grew its position in shares of Cemex SAB de CV by 248.4% during the 1st quarter. Emerging Sovereign Group LLC now owns 6,738,782 shares of the construction company’s stock worth $44,611,000 after buying an additional 4,804,382 shares during the period. Finally, Ascend Capital LLC acquired a new position in shares of Cemex SAB de CV during the 4th quarter worth about $16,197,000. 33.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Cemex SAB de CV opened at $6.37 on Monday, according to Marketbeat. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.73 and a quick ratio of 0.52. Cemex SAB de CV has a 52-week low of $5.72 and a 52-week high of $10.37. The company has a market capitalization of $9.30 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37.

Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings data on Thursday, April 26th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). Cemex SAB de CV had a net margin of 3.58% and a return on equity of 4.33%. The business had revenue of $3.38 billion during the quarter. equities analysts forecast that Cemex SAB de CV will post 0.6 EPS for the current year.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. restated an “overweight” rating and set a $10.00 target price (down from $10.60) on shares of Cemex SAB de CV in a research report on Wednesday, March 14th. Barclays decreased their target price on Cemex SAB de CV from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, March 16th. ValuEngine lowered Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Bank of America upgraded Cemex SAB de CV from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $8.50 in a research report on Monday, April 9th. They noted that the move was a valuation call. Finally, Longbow Research lowered Cemex SAB de CV from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.34.

About Cemex SAB de CV

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

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