Cemex S.A.B. de C.V. (NYSE:CX) Stake Lessened by DSAM Partners London Ltd

DSAM Partners London Ltd cut its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 473,055 shares of the construction company’s stock after selling 17,814 shares during the quarter. DSAM Partners London Ltd’s holdings in Cemex S.A.B. de C.V. were worth $4,295,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CX. Dodge & Cox boosted its holdings in Cemex S.A.B. de C.V. by 13.9% in the second quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock valued at $676,977,000 after purchasing an additional 8,781,290 shares in the last quarter. Carmignac Gestion boosted its holdings in shares of Cemex S.A.B. de C.V. by 6.5% in the second quarter. Carmignac Gestion now owns 60,765,076 shares of the construction company’s stock valued at $572,407,000 after acquiring an additional 3,726,919 shares during the period. Brandes Investment Partners LP boosted its holdings in shares of Cemex S.A.B. de C.V. by 2.9% in the second quarter. Brandes Investment Partners LP now owns 34,943,148 shares of the construction company’s stock valued at $329,164,000 after acquiring an additional 984,051 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Cemex S.A.B. de C.V. by 3.0% in the third quarter. Baillie Gifford & Co. now owns 32,207,753 shares of the construction company’s stock valued at $292,446,000 after acquiring an additional 923,668 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of 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 valued at $295,194,000 after acquiring an additional 4,516,076 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) traded down $0.14 on Friday, hitting $8.10. The stock had a trading volume of 10,096,000 shares, compared to its average volume of 10,810,183. Cemex S.A.B. de C.V. has a one year low of $7.19 and a one year high of $10.37. The firm has a market cap of $11,828.17, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88.

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

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Several research firms have issued reports on CX. Citigroup Inc. lowered 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 lowered Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Berenberg Bank reissued 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. BidaskClub lowered Cemex S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Bank of America Corporation lowered Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $10.60 to $10.70 in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $10.59.

Cemex S.A.B. de C.V. 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)

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