Hosking Partners LLP Grows Stake in Cemex SAB de CV (CX)

Hosking Partners LLP lifted its position in Cemex SAB de CV (NYSE:CX) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,668,802 shares of the construction company’s stock after buying an additional 524,740 shares during the period. Cemex SAB de CV makes up about 1.3% of Hosking Partners LLP’s investment portfolio, making the stock its 19th biggest position. Hosking Partners LLP owned approximately 0.53% of Cemex SAB de CV worth $57,516,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Cemex SAB de CV by 21.7% during the second quarter. Bank of New York Mellon Corp now owns 25,719 shares of the construction company’s stock valued at $242,000 after purchasing an additional 4,578 shares in the last quarter. Northern Trust Corp lifted its position in Cemex SAB de CV by 8.4% during the second quarter. Northern Trust Corp now owns 1,876,191 shares of the construction company’s stock valued at $17,674,000 after purchasing an additional 145,841 shares in the last quarter. Vanguard Group Inc. lifted its position in Cemex SAB de CV by 119.4% during the second quarter. Vanguard Group Inc. now owns 3,409,125 shares of the construction company’s stock valued at $32,114,000 after purchasing an additional 1,855,422 shares in the last quarter. Advisor Group Inc. lifted its position in Cemex SAB de CV by 34.9% during the second quarter. Advisor Group Inc. now owns 19,336 shares of the construction company’s stock valued at $180,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Cemex SAB de CV by 11.2% during the second quarter. Stifel Financial Corp now owns 137,397 shares of the construction company’s stock valued at $1,294,000 after purchasing an additional 13,843 shares in the last quarter. Hedge funds and other institutional investors own 39.68% of the company’s stock.

Shares of Cemex SAB de CV (NYSE CX) opened at $7.38 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $10,800.00, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32. Cemex SAB de CV has a twelve month low of $7.09 and a twelve month high of $10.37.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered their target price 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. Citigroup upgraded Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 target price on the stock in a research report on Monday, October 23rd. ValuEngine cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Santander cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $10.86.

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Cemex SAB de CV 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 SAB de CV (NYSE:CX)

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