Cemex SAB de CV (CX) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. grew its stake in shares of Cemex SAB de CV (NYSE:CX) by 57.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,260 shares of the construction company’s stock after acquiring an additional 15,350 shares during the period. Financial Counselors Inc.’s holdings in Cemex SAB de CV were worth $384,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dodge & Cox increased its stake in shares of Cemex SAB de CV by 13.9% during the second quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock worth $676,977,000 after purchasing an additional 8,781,290 shares in the last quarter. Carmignac Gestion lifted its holdings in shares of Cemex SAB de CV by 6.5% in the 2nd quarter. Carmignac Gestion now owns 60,765,076 shares of the construction company’s stock worth $572,407,000 after acquiring an additional 3,726,919 shares during the last quarter. Boston Partners lifted its holdings in Cemex SAB de CV by 237.6% during the 3rd quarter. Boston Partners now owns 47,249,853 shares of the construction company’s stock worth $429,028,000 after buying an additional 33,254,975 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Cemex SAB de CV by 2.9% during the 2nd quarter. Brandes Investment Partners LP now owns 34,943,148 shares of the construction company’s stock worth $329,164,000 after buying an additional 984,051 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Cemex SAB de CV by 3.0% during the 3rd quarter. Baillie Gifford & Co. now owns 32,207,753 shares of the construction company’s stock worth $292,446,000 after buying an additional 923,668 shares in the last quarter. 40.44% of the stock is owned by hedge funds and other institutional investors.

Cemex SAB de CV (NYSE CX) traded down $0.10 during trading on Thursday, hitting $7.19. 9,200,100 shares of the stock traded hands, compared to its average volume of 9,715,755. The company has a market capitalization of $10,645.35, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.83 and a beta of 1.31. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 0.88. Cemex SAB de CV has a fifty-two week low of $7.15 and a fifty-two week high of $10.37.

Cemex SAB de CV (NYSE:CX) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a return on equity of 8.71% and a net margin of 8.38%. research analysts expect that Cemex SAB de CV will post 0.56 earnings per share for the current year.

Several research firms have issued reports on CX. BidaskClub downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Bank of America cut shares of Cemex SAB de CV from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $10.60 to $10.70 in a research report on Tuesday, August 29th. ValuEngine cut shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Zacks Investment Research cut shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, J P Morgan Chase & Co reduced their target price on shares of Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $10.76.

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About Cemex SAB de CV

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 SAB de CV (NYSE:CX)

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