Profund Advisors LLC Has $760,000 Stake in Cemex SAB de CV (NYSE:CX)

Profund Advisors LLC trimmed its stake in shares of Cemex SAB de CV (NYSE:CX) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,290 shares of the construction company’s stock after selling 13,197 shares during the period. Profund Advisors LLC’s holdings in Cemex SAB de CV were worth $760,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Cemex SAB de CV by 9.8% during the second quarter. Creative Planning now owns 32,233 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,883 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Cemex SAB de CV by 740.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 682,773 shares of the construction company’s stock valued at $3,168,000 after buying an additional 601,518 shares during the period. Baillie Gifford & Co. lifted its holdings in Cemex SAB de CV by 1.6% in the second quarter. Baillie Gifford & Co. now owns 35,495,444 shares of the construction company’s stock valued at $150,501,000 after buying an additional 559,614 shares during the period. Capital Wealth Planning LLC acquired a new position in Cemex SAB de CV in the second quarter valued at approximately $110,000. Finally, Moors & Cabot Inc. acquired a new position in Cemex SAB de CV in the first quarter valued at approximately $76,000. Institutional investors own 30.71% of the company’s stock.

NYSE CX traded up $0.10 during trading hours on Tuesday, hitting $4.02. The company’s stock had a trading volume of 100,781 shares, compared to its average volume of 8,129,995. The stock has a fifty day moving average of $3.41 and a 200 day moving average of $4.18. The company has a quick ratio of 0.53, a current ratio of 0.74 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $5.85 billion, a P/E ratio of 11.47, a PEG ratio of 0.82 and a beta of 1.42. Cemex SAB de CV has a twelve month low of $2.82 and a twelve month high of $7.32.

Cemex SAB de CV (NYSE:CX) last posted its earnings results on Thursday, July 25th. The construction company reported $0.06 earnings per share for the quarter. The company had revenue of $3.52 billion for the quarter. Cemex SAB de CV had a net margin of 2.37% and a return on equity of 1.75%. On average, analysts predict that Cemex SAB de CV will post 0.31 earnings per share for the current year.

CX has been the topic of several analyst reports. ValuEngine upgraded shares of Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Santander lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, HSBC lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.75.

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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