American Century Companies Inc. reduced its stake in Cemex SAB de CV (NYSE:CX) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,235,840 shares of the construction company’s stock after selling 524,452 shares during the period. American Century Companies Inc. owned approximately 0.08% of Cemex SAB de CV worth $11,221,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CX. Neuberger Berman Group LLC purchased a new stake in shares of Cemex SAB de CV in the second quarter worth $100,000. Huntington National Bank raised its position in shares of Cemex SAB de CV by 19.0% in the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after buying an additional 1,722 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Cemex SAB de CV by 2.9% in the second quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after buying an additional 315 shares in the last quarter. Institute for Wealth Management LLC. purchased a new stake in shares of Cemex SAB de CV in the second quarter worth $115,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Cemex SAB de CV in the third quarter worth $141,000. 40.44% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. ValuEngine downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America downgraded Cemex SAB de CV from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $10.60 to $10.70 in a research report on Tuesday, August 29th. BidaskClub downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, J P Morgan Chase & Co lowered their price objective on 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 equities research 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 company. The stock currently has an average rating of “Buy” and an average target price of $10.76.
Cemex SAB de CV (NYSE:CX) traded down $0.07 during midday trading on Monday, reaching $7.44. The company’s stock had a trading volume of 12,163,748 shares, compared to its average volume of 9,713,802. Cemex SAB de CV has a twelve month low of $7.41 and a twelve month high of $10.37. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10,900.00, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.31.
Cemex SAB de CV (NYSE:CX) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. analysts expect that Cemex SAB de CV will post 0.56 earnings per share for the current year.
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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.
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