NumerixS Investment Technologies Inc acquired a new position in shares of Cemex SAB de CV (NYSE:CX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 51,800 shares of the construction company’s stock, valued at approximately $340,000.
Several other large investors have also recently made changes to their positions in CX. Atria Investments LLC bought a new position in Cemex SAB de CV during the second quarter valued at about $404,000. FNY Investment Advisers LLC bought a new position in Cemex SAB de CV during the second quarter valued at about $526,000. Emerging Sovereign Group LLC raised its holdings in Cemex SAB de CV by 248.4% during the first quarter. Emerging Sovereign Group LLC now owns 6,738,782 shares of the construction company’s stock valued at $44,611,000 after buying an additional 4,804,382 shares in the last quarter. Barings LLC raised its holdings in Cemex SAB de CV by 15.6% during the second quarter. Barings LLC now owns 1,451,700 shares of the construction company’s stock valued at $9,523,000 after buying an additional 196,100 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Cemex SAB de CV by 13.5% during the second quarter. Aperio Group LLC now owns 589,223 shares of the construction company’s stock valued at $3,865,000 after buying an additional 70,202 shares in the last quarter. Institutional investors and hedge funds own 33.16% of the company’s stock.
Several research firms have weighed in on CX. Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Citigroup set a $10.00 target price on Cemex SAB de CV and gave the company a “buy” rating in a report on Tuesday. BNP Paribas lowered Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 31st. Santander upgraded Cemex SAB de CV from a “hold” rating to a “buy” rating in a report on Wednesday, June 20th. Finally, Exane BNP Paribas lowered Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.29.
Shares of NYSE:CX opened at $6.78 on Thursday. The stock has a market capitalization of $10.35 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. Cemex SAB de CV has a 52-week low of $5.72 and a 52-week high of $9.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 0.73.
Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The company had revenue of $3.80 billion for the quarter. Cemex SAB de CV had a return on equity of 5.47% and a net margin of 4.23%. sell-side analysts predict that Cemex SAB de CV will post 0.56 earnings per share for the current year.
Cemex SAB de CV Profile
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.
Further Reading: Market Capitalization in the Stock Market
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