Cemex SAB de CV (CX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Cemex SAB de CV (NYSE:CX) by 36.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,940,828 shares of the construction company’s stock after selling 1,116,250 shares during the period. Bank of New York Mellon Corp’s holdings in Cemex SAB de CV were worth $12,731,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. raised its stake in shares of Cemex SAB de CV by 53.3% during the 2nd quarter. Baird Financial Group Inc. now owns 50,766 shares of the construction company’s stock worth $333,000 after buying an additional 17,643 shares during the period. Pinebridge Investments L.P. raised its stake in shares of Cemex SAB de CV by 338.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 389,637 shares of the construction company’s stock worth $2,556,000 after buying an additional 300,740 shares during the period. HPM Partners LLC acquired a new position in shares of Cemex SAB de CV during the 2nd quarter worth approximately $304,000. Brandes Investment Partners LP raised its stake in shares of Cemex SAB de CV by 9.8% during the 2nd quarter. Brandes Investment Partners LP now owns 53,750,845 shares of the construction company’s stock worth $353,342,000 after buying an additional 4,805,568 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Cemex SAB de CV by 13.5% during the 2nd quarter. Aperio Group LLC now owns 589,223 shares of the construction company’s stock worth $3,865,000 after buying an additional 70,202 shares during the period. 34.25% of the stock is owned by institutional investors and hedge funds.

Shares of CX opened at $5.02 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.57. Cemex SAB de CV has a one year low of $4.47 and a one year high of $8.51. The company has a market cap of $7.14 billion, a P/E ratio of 12.24, a PEG ratio of 0.58 and a beta of 1.72.

Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings results on Thursday, October 25th. The construction company reported $0.11 EPS for the quarter. Cemex SAB de CV had a return on equity of 4.24% and a net margin of 3.38%. The firm had revenue of $3.75 billion during the quarter. As a group, equities analysts predict that Cemex SAB de CV will post 0.5 EPS for the current year.

Several research analysts have recently weighed in on the company. UBS Group downgraded Cemex SAB de CV from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 14th. ValuEngine cut Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 31st. Scotiabank cut Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 29th. Barclays dropped their price target on Cemex SAB de CV from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Finally, Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Cemex SAB de CV presently has a consensus rating of “Hold” and a consensus price target of $8.86.

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Cemex SAB de CV Company 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.

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Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

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