Cemex S.A.B. de C.V. (CX) Shares Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. increased its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,755 shares of the construction company’s stock after buying an additional 1,367 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Cemex S.A.B. de C.V. were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Brandes Investment Partners LP raised its stake in Cemex S.A.B. de C.V. by 2.9% during the 2nd quarter. Brandes Investment Partners LP now owns 34,943,148 shares of the construction company’s stock worth $329,164,000 after buying an additional 984,051 shares during the period. Acadian Asset Management LLC raised its stake in Cemex S.A.B. de C.V. by 16.8% during the 2nd quarter. Acadian Asset Management LLC now owns 31,336,598 shares of the construction company’s stock worth $295,194,000 after buying an additional 4,516,076 shares during the period. Dimensional Fund Advisors LP raised its stake in Cemex S.A.B. de C.V. by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 27,286,198 shares of the construction company’s stock worth $247,371,000 after buying an additional 74,250 shares during the period. FMR LLC raised its stake in Cemex S.A.B. de C.V. by 5.7% during the 1st quarter. FMR LLC now owns 17,774,999 shares of the construction company’s stock worth $161,219,000 after buying an additional 952,273 shares during the period. Finally, Boston Partners acquired a new stake in Cemex S.A.B. de C.V. during the 2nd quarter worth $131,831,000. 40.20% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on CX shares. Berenberg Bank reiterated a “hold” rating and set a $8.40 target price on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. BidaskClub cut Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Citigroup Inc. cut 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 report on Monday, July 17th. Bank of America Corporation cut Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $10.60 to $10.70 in a report on Tuesday, August 29th. Finally, Zacks Investment Research cut Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $10.63.

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Cemex S.A.B. de C.V. (CX) opened at 9.17 on Friday. The stock has a 50 day moving average price of $9.46 and a 200 day moving average price of $9.01. Cemex S.A.B. de C.V. has a one year low of $6.91 and a one year high of $10.37. The company has a market cap of $137.54 billion, a PE ratio of 117.56 and a beta of 1.34.

Cemex S.A.B. de C.V. (NYSE:CX) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. The company had revenue of $3.58 billion for the quarter. On average, equities analysts anticipate that Cemex S.A.B. de C.V. will post $0.57 EPS for the current fiscal year.

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

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

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