Bluestein R H & Co. Has $691,000 Position in Cemex SAB de CV (CX)

Bluestein R H & Co. cut its holdings in Cemex SAB de CV (NYSE:CX) by 24.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,144 shares of the construction company’s stock after selling 25,000 shares during the period. Bluestein R H & Co.’s holdings in Cemex SAB de CV were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dodge & Cox lifted its stake in Cemex SAB de CV by 13.9% in the 2nd quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock worth $676,977,000 after purchasing an additional 8,781,290 shares in the last quarter. Carmignac Gestion lifted its stake in Cemex SAB de CV by 6.5% in the 2nd quarter. Carmignac Gestion now owns 60,765,076 shares of the construction company’s stock worth $572,407,000 after purchasing an additional 3,726,919 shares in the last quarter. Boston Partners lifted its stake in Cemex SAB de CV by 237.6% in the 3rd quarter. Boston Partners now owns 47,249,853 shares of the construction company’s stock worth $429,028,000 after purchasing an additional 33,254,975 shares in the last quarter. Brandes Investment Partners LP lifted its stake in Cemex SAB de CV by 2.9% in the 2nd quarter. Brandes Investment Partners LP now owns 34,943,148 shares of the construction company’s stock worth $329,164,000 after purchasing an additional 984,051 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Cemex SAB de CV by 3.0% in the 3rd quarter. Baillie Gifford & Co. now owns 32,207,753 shares of the construction company’s stock worth $292,446,000 after purchasing an additional 923,668 shares in the last quarter. Institutional investors and hedge funds own 40.44% of the company’s stock.

Shares of Cemex SAB de CV (NYSE CX) opened at $7.44 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88. The firm has a market cap of $10,966.61, a price-to-earnings ratio of 11.75, a PEG ratio of 0.85 and a beta of 1.31. Cemex SAB de CV has a 52-week low of $7.41 and a 52-week high of $10.37.

Cemex SAB de CV (NYSE:CX) last released its earnings results on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. sell-side analysts expect that Cemex SAB de CV will post 0.56 earnings per share for the current year.

Several analysts have issued reports on the stock. BidaskClub cut shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Bank of America cut shares of Cemex SAB de CV from a “buy” rating to a “neutral” rating and raised their price objective for the company from $10.60 to $10.70 in a research report on Tuesday, August 29th. ValuEngine cut shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Zacks Investment Research cut shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, J P Morgan Chase & Co lowered their price objective on shares of Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Cemex SAB de CV currently has an average rating of “Buy” and a consensus price target of $10.76.

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About Cemex SAB de CV

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 SAB de CV (NYSE:CX)

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