Wetherby Asset Management Inc. Has $204,000 Stake in Cemex SAB de CV (CX)

Wetherby Asset Management Inc. lifted its stake in Cemex SAB de CV (NYSE:CX) by 15.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 42,446 shares of the construction company’s stock after purchasing an additional 5,786 shares during the period. Wetherby Asset Management Inc.’s holdings in Cemex SAB de CV were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Dodge & Cox raised its position in Cemex SAB de CV by 0.4% during the third quarter. Dodge & Cox now owns 125,711,760 shares of the construction company’s stock valued at $885,011,000 after purchasing an additional 543,765 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Cemex SAB de CV by 2.7% in the third quarter. Baillie Gifford & Co. now owns 32,540,608 shares of the construction company’s stock worth $229,086,000 after buying an additional 840,358 shares during the period. Global Thematic Partners LLC increased its holdings in shares of Cemex SAB de CV by 17.9% in the third quarter. Global Thematic Partners LLC now owns 12,614,126 shares of the construction company’s stock worth $88,804,000 after buying an additional 1,916,542 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Cemex SAB de CV by 474.0% in the third quarter. Hsbc Holdings PLC now owns 4,957,386 shares of the construction company’s stock worth $34,899,000 after buying an additional 4,093,729 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Cemex SAB de CV by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,059,670 shares of the construction company’s stock valued at $21,540,000 after purchasing an additional 59,585 shares during the period. 34.03% of the stock is owned by hedge funds and other institutional investors.

Shares of CX opened at $4.94 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 0.83. Cemex SAB de CV has a 52 week low of $4.47 and a 52 week high of $7.85. The company has a market capitalization of $7.77 billion, a PE ratio of 12.05, a P/E/G ratio of 0.67 and a beta of 1.62.

Several analysts have weighed in on CX shares. Barclays set a $7.00 price objective on Cemex SAB de CV and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group cut Cemex SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 14th. Scotiabank cut Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 29th. Finally, ValuEngine raised Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Cemex SAB de CV presently has an average rating of “Hold” and a consensus target price of $8.71.

WARNING: This piece of content was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2019/02/08/wetherby-asset-management-inc-has-204000-stake-in-cemex-sab-de-cv-cx.html.

Cemex SAB de CV 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.

Featured Article: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cemex SAB de CV (NYSE:CX).

Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

Receive News & Ratings for Cemex SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply