Investec Asset Management North America Inc. Takes $18.93 Million Position in Cemex S.A.B. de C.V. (CX)

Investec Asset Management North America Inc. bought a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,009,124 shares of the construction company’s stock, valued at approximately $18,926,000. Cemex S.A.B. de C.V. comprises approximately 3.5% of Investec Asset Management North America Inc.’s holdings, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of CX. First Trust Advisors LP acquired a new stake in shares of Cemex S.A.B. de C.V. during the 1st quarter worth about $562,000. Capital Fund Management S.A. acquired a new stake in shares of Cemex S.A.B. de C.V. during the 1st quarter worth about $155,000. World Asset Management Inc lifted its stake in shares of Cemex S.A.B. de C.V. by 1.5% during the 1st quarter. World Asset Management Inc now owns 87,311 shares of the construction company’s stock worth $792,000 after buying an additional 1,286 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Cemex S.A.B. de C.V. by 2.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,551,719 shares of the construction company’s stock worth $14,074,000 after buying an additional 40,969 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of Cemex S.A.B. de C.V. during the 1st quarter worth about $112,000. Institutional investors own 40.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://transcriptdaily.com/2017/09/17/investec-asset-management-north-america-inc-takes-18-93-million-position-in-cemex-s-a-b-de-c-v-cx.html.

CX has been the subject of a number of research reports. Bank of America Corporation upgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.10 to $10.60 in a research note on Tuesday, June 20th. BidaskClub upgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Berenberg Bank restated a “hold” rating and set a $8.40 target price on shares of Cemex S.A.B. de C.V. in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Citigroup Inc. cut shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price for the company. in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Cemex S.A.B. de C.V. has a consensus rating of “Buy” and a consensus price target of $10.63.

Cemex S.A.B. de C.V. (NYSE:CX) traded down 0.66% during trading on Friday, reaching $9.06. 4,146,306 shares of the company were exchanged. The firm’s 50 day moving average price is $9.33 and its 200-day moving average price is $9.04. Cemex S.A.B. de C.V. has a one year low of $6.91 and a one year high of $10.37. The stock has a market capitalization of $135.89 billion, a price-to-earnings ratio of 117.66 and a beta of 1.34.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. On average, equities research analysts predict that Cemex S.A.B. de C.V. will post $0.56 earnings per share for the current year.

Cemex S.A.B. de C.V. 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.

Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cemex S.A.B. de C.V. (NYSE:CX).

Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

Receive News & Ratings for Cemex S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply