Keybank National Association OH Has $64,000 Holdings in Cemex SAB de CV (CX)

Keybank National Association OH reduced its stake in Cemex SAB de CV (NYSE:CX) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,378 shares of the construction company’s stock after selling 4,872 shares during the quarter. Keybank National Association OH’s holdings in Cemex SAB de CV were worth $64,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in Cemex SAB de CV by 4.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 157,832 shares of the construction company’s stock valued at $761,000 after acquiring an additional 6,787 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Cemex SAB de CV by 100.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,000 shares of the construction company’s stock valued at $48,000 after acquiring an additional 5,000 shares during the period. JFS Wealth Advisors LLC grew its position in Cemex SAB de CV by 15.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 18,392 shares of the construction company’s stock valued at $89,000 after acquiring an additional 2,492 shares during the period. Eqis Capital Management Inc. grew its position in Cemex SAB de CV by 29.8% during the fourth quarter. Eqis Capital Management Inc. now owns 29,767 shares of the construction company’s stock valued at $143,000 after acquiring an additional 6,836 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in Cemex SAB de CV during the fourth quarter valued at about $216,000. Institutional investors own 33.97% of the company’s stock.

Shares of NYSE CX opened at $4.83 on Thursday. Cemex SAB de CV has a 1-year low of $4.47 and a 1-year high of $7.65. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $7.33 billion, a PE ratio of 13.80, a P/E/G ratio of 0.61 and a beta of 1.62.

Cemex SAB de CV (NYSE:CX) last issued its earnings results on Thursday, February 7th. The construction company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.12). Cemex SAB de CV had a return on equity of 4.86% and a net margin of 3.84%. The company had revenue of $3.45 billion during the quarter. On average, research analysts anticipate that Cemex SAB de CV will post 0.58 EPS for the current fiscal year.

A number of equities research analysts have issued reports on CX shares. Zacks Investment Research downgraded Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. ValuEngine raised Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Barclays lowered their price target on Cemex SAB de CV from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Scotiabank downgraded Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 29th. Finally, UBS Group downgraded Cemex SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Cemex SAB de CV currently has an average rating of “Hold” and a consensus price target of $8.71.

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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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