Rockefeller Financial Services Inc. raised its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,026,658 shares of the construction company’s stock after buying an additional 109,926 shares during the period. Rockefeller Financial Services Inc.’s holdings in Cemex S.A.B. de C.V. were worth $56,772,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CX. Bronfman E.L. Rothschild L.P. increased its stake in shares of Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock valued at $100,000 after buying an additional 333 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter valued at approximately $100,000. CENTRAL TRUST Co increased its stake in shares of Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock valued at $101,000 after buying an additional 6,583 shares during the last quarter. First Financial Equity Corporation bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter valued at approximately $101,000. Finally, Teza Capital Management LLC acquired a new stake in Cemex S.A.B. de C.V. during the first quarter worth about $112,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.
Cemex S.A.B. de C.V. (CX) traded up 0.21% during mid-day trading on Friday, reaching $9.61. 18,890,220 shares of the company were exchanged. Cemex S.A.B. de C.V. has a one year low of $6.91 and a one year high of $10.37. The stock has a 50-day moving average price of $9.60 and a 200 day moving average price of $8.82. The company has a market capitalization of $140.33 billion, a PE ratio of 131.64 and a beta of 1.34.
Cemex S.A.B. de C.V. (NYSE:CX) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.54% and a net margin of 7.66%. Analysts predict that Cemex S.A.B. de C.V. will post $0.56 EPS for the current year.
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CX has been the subject of a number of recent research reports. Morgan Stanley raised shares of Cemex S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $8.50 to $11.00 in a report on Tuesday, April 4th. Zacks Investment Research upgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Thursday, April 6th. Bank of America Corporation upgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.10 to $10.60 in a research report on Tuesday, June 20th. Longbow Research upgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, March 31st. Finally, BidaskClub upgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $10.63.
Cemex S.A.B. de C.V. Company 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.
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