TD Asset Management Inc. Raises Stake in Cemex SAB de CV (NYSE:CX)

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TD Asset Management Inc. boosted its position in Cemex SAB de CV (NYSE:CX) by 33.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,540 shares of the construction company’s stock after buying an additional 8,072 shares during the period. TD Asset Management Inc.’s holdings in Cemex SAB de CV were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CX. Creative Planning lifted its holdings in Cemex SAB de CV by 9.8% in the second quarter. Creative Planning now owns 32,233 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,883 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Cemex SAB de CV by 740.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 682,773 shares of the construction company’s stock valued at $3,168,000 after acquiring an additional 601,518 shares during the period. Cooper Haims Advisors LLC acquired a new position in Cemex SAB de CV in the first quarter valued at approximately $208,000. Moors & Cabot Inc. acquired a new position in Cemex SAB de CV in the first quarter valued at approximately $76,000. Finally, Geode Capital Management LLC acquired a new position in Cemex SAB de CV in the fourth quarter valued at approximately $193,000. Hedge funds and other institutional investors own 31.46% of the company’s stock.

Shares of CX stock opened at $3.22 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.74 and a quick ratio of 0.53. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.65 and a beta of 1.47. The stock has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $4.28. Cemex SAB de CV has a 1-year low of $2.82 and a 1-year high of $7.45.

Several brokerages have recently weighed in on CX. HSBC raised Cemex SAB de CV from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded Cemex SAB de CV from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Santander downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.40.

Cemex SAB de CV Profile

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.

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

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