17,486 Shares in Cemex SAB de CV (CX) Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new position in shares of Cemex SAB de CV (NYSE:CX) during the third quarter, HoldingsChannel.com reports. The firm bought 17,486 shares of the construction company’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CX. LPL Financial LLC boosted its position in Cemex SAB de CV by 15.7% during the first quarter. LPL Financial LLC now owns 90,772 shares of the construction company’s stock worth $601,000 after acquiring an additional 12,299 shares during the last quarter. Atria Investments LLC acquired a new stake in Cemex SAB de CV during the second quarter worth approximately $404,000. FNY Investment Advisers LLC acquired a new stake in Cemex SAB de CV during the second quarter worth approximately $526,000. Exane Derivatives boosted its position in Cemex SAB de CV by 27.7% during the second quarter. Exane Derivatives now owns 73,228 shares of the construction company’s stock worth $484,000 after acquiring an additional 15,880 shares during the last quarter. Finally, Zeke Capital Advisors LLC raised its stake in Cemex SAB de CV by 4.7% during the second quarter. Zeke Capital Advisors LLC now owns 166,301 shares of the construction company’s stock worth $1,091,000 after purchasing an additional 7,448 shares during the period. Hedge funds and other institutional investors own 33.46% of the company’s stock.

NYSE:CX opened at $5.61 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 0.83. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.58 and a beta of 1.72. Cemex SAB de CV has a fifty-two week low of $4.79 and a fifty-two week high of $8.51.

A number of research firms have weighed in on CX. Exane BNP Paribas downgraded shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 31st. BNP Paribas downgraded shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 31st. Scotiabank downgraded shares of Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 29th. ValuEngine downgraded shares of Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.86.

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About Cemex SAB de CV

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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