FDx Advisors Inc. Boosts Stake in Cemex S.A.B. de C.V. (CX)

FDx Advisors Inc. lifted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 53.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,325 shares of the construction company’s stock after acquiring an additional 48,198 shares during the quarter. FDx Advisors Inc.’s holdings in Cemex S.A.B. de C.V. were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CX. Neuberger Berman Group LLC acquired a new position in Cemex S.A.B. de C.V. during the second quarter worth $100,000. Huntington National Bank increased its position in Cemex S.A.B. de C.V. by 19.0% during the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after buying an additional 1,722 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Cemex S.A.B. de C.V. by 2.9% during the second quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after buying an additional 315 shares during the last quarter. Institute for Wealth Management LLC. acquired a new position in Cemex S.A.B. de C.V. during the second quarter worth $115,000. Finally, Raymond James Trust N.A. acquired a new position in Cemex S.A.B. de C.V. during the third quarter worth $141,000. 42.00% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Berenberg Bank reissued a “hold” rating and set a $8.40 target price on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. BidaskClub downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. J P Morgan Chase & Co lowered their target price on shares of Cemex S.A.B. de C.V. from $11.20 to $10.60 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Finally, Citigroup Inc. raised shares of Cemex S.A.B. de C.V. from a “sell” rating to a “neutral” rating and set a $9.00 target price on the stock in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Cemex S.A.B. de C.V. presently has an average rating of “Buy” and an average price target of $10.76.

Cemex S.A.B. de C.V. (NYSE:CX) traded down $0.10 during mid-day trading on Wednesday, reaching $7.81. 7,639,700 shares of the company’s stock were exchanged, compared to its average volume of 9,779,937. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.74 and a quick ratio of 0.54. Cemex S.A.B. de C.V. has a one year low of $7.50 and a one year high of $10.37. The company has a market capitalization of $11,550.72, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.35.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a net margin of 8.38% and a return on equity of 8.71%. equities analysts forecast that Cemex S.A.B. de C.V. will post 0.5 earnings per share for the current fiscal year.

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

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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