Boston Partners lowered its holdings in shares of Cemex SAB de CV (NYSE:CX) by 60.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,296,675 shares of the construction company’s stock after selling 7,951,167 shares during the quarter. Boston Partners owned approximately 0.36% of Cemex SAB de CV worth $20,024,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. grew its position in shares of Cemex SAB de CV by 106.3% during the fourth quarter. Cornerstone Advisors Inc. now owns 7,162 shares of the construction company’s stock worth $27,000 after purchasing an additional 3,691 shares in the last quarter. Howard Financial Services LTD. bought a new position in Cemex SAB de CV during the third quarter valued at approximately $42,000. Traynor Capital Management Inc. bought a new position in Cemex SAB de CV during the third quarter valued at approximately $43,000. Pinnacle Wealth Planning Services Inc. bought a new position in Cemex SAB de CV during the third quarter valued at approximately $47,000. Finally, Parallel Advisors LLC boosted its stake in Cemex SAB de CV by 130.7% during the third quarter. Parallel Advisors LLC now owns 12,278 shares of the construction company’s stock valued at $48,000 after buying an additional 6,957 shares during the last quarter. Hedge funds and other institutional investors own 32.49% of the company’s stock.
A number of equities analysts recently commented on CX shares. Zacks Investment Research raised Cemex SAB de CV from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Wednesday. Bank of America dropped their price target on Cemex SAB de CV from $5.00 to $4.80 and set a “buy” rating for the company in a research note on Thursday. Finally, Loop Capital started coverage on Cemex SAB de CV in a research note on Thursday, December 19th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.14.
Shares of Cemex SAB de CV stock opened at $3.90 on Friday. The stock has a 50 day moving average of $4.02 and a 200 day moving average of $3.78. Cemex SAB de CV has a 12 month low of $2.82 and a 12 month high of $5.13. The firm has a market cap of $5.79 billion, a PE ratio of 39.00 and a beta of 1.35. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89.
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.
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