Thompson Davis & CO. Inc. Grows Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Thompson Davis & CO. Inc. boosted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,200 shares of the construction company’s stock after buying an additional 3,200 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in CEMEX were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of CEMEX by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,764,242 shares of the construction company’s stock worth $56,968,000 after purchasing an additional 373,246 shares during the last quarter. Raymond James & Associates grew its position in shares of CEMEX by 37.4% during the 3rd quarter. Raymond James & Associates now owns 50,402 shares of the construction company’s stock valued at $328,000 after acquiring an additional 13,718 shares during the period. Stratos Wealth Partners LTD. bought a new position in shares of CEMEX in the third quarter worth approximately $95,000. Calamos Wealth Management LLC increased its stake in CEMEX by 4.2% in the 3rd quarter. Calamos Wealth Management LLC now owns 150,396 shares of the construction company’s stock worth $978,000 after buying an additional 6,046 shares in the last quarter. Finally, RWC Asset Advisors US LLC grew its position in shares of CEMEX by 8.4% during the third quarter. RWC Asset Advisors US LLC now owns 8,615,365 shares of the construction company’s stock worth $56,000,000 after purchasing an additional 668,425 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Stock Down 2.5 %

CEMEX stock traded down $0.20 during midday trading on Tuesday, hitting $7.91. 8,576,681 shares of the stock were exchanged, compared to its average volume of 6,722,897. The company has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $7.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.51. The firm has a market cap of $11.46 billion, a P/E ratio of 57.89, a P/E/G ratio of 0.17 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 1 year low of $5.67 and a 1 year high of $9.27.

CEMEX (NYSE:CX) last issued its earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $4.14 billion for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. During the same period last year, the company posted $0.15 earnings per share. On average, sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CX. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Wednesday, April 24th. Barclays downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective on the stock. in a report on Friday, February 9th. Finally, The Goldman Sachs Group increased their price target on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.53.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.