Cemex S.A.B. de C.V. (NYSE:CX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 97.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 21,141 shares of the construction company’s stock after selling 856,866 shares during the period. Bank of New York Mellon Corp’s holdings in Cemex S.A.B. de C.V. were worth $192,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CX. Wetherby Asset Management Inc. raised its position in shares of Cemex S.A.B. de C.V. by 3.0% in the first quarter. Wetherby Asset Management Inc. now owns 31,519 shares of the construction company’s stock worth $286,000 after buying an additional 916 shares during the period. Camelot Portfolios LLC raised its position in shares of Cemex S.A.B. de C.V. by 2.7% in the first quarter. Camelot Portfolios LLC now owns 194,944 shares of the construction company’s stock worth $1,768,000 after buying an additional 5,215 shares during the period. CENTRAL TRUST Co raised its position in shares of Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock worth $101,000 after buying an additional 6,583 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Cemex S.A.B. de C.V. by 14.4% in the first quarter. Janney Montgomery Scott LLC now owns 67,847 shares of the construction company’s stock worth $615,000 after buying an additional 8,549 shares during the period. Finally, OLD National Bancorp IN raised its position in shares of Cemex S.A.B. de C.V. by 68.6% in the first quarter. OLD National Bancorp IN now owns 21,766 shares of the construction company’s stock worth $197,000 after buying an additional 8,854 shares during the period. 39.13% of the stock is currently owned by institutional investors.

Cemex S.A.B. de C.V. (NYSE:CX) opened at 9.56 on Thursday. The firm’s 50 day moving average is $9.74 and its 200-day moving average is $8.94. The firm has a market cap of $143.39 billion, a price-to-earnings ratio of 122.56 and a beta of 1.34. Cemex S.A.B. de C.V. has a 12 month low of $6.91 and a 12 month high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post $0.57 EPS for the current year.

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A number of research analysts recently commented on the stock. BidaskClub lowered shares of Cemex S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. UBS AG upgraded shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Bank of America Corporation upgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and upped their price target for the company from $10.10 to $10.60 in a research note on Tuesday, June 20th. 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 note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.63.

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.

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

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