ClariVest Asset Management LLC boosted its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 100.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,154,995 shares of the construction company’s stock after buying an additional 580,095 shares during the period. ClariVest Asset Management LLC’s holdings in Cemex S.A.B. de C.V. were worth $10,881,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Banco Santander S.A. increased its stake in shares of Cemex S.A.B. de C.V. by 13.6% in the first quarter. Banco Santander S.A. now owns 8,330,463 shares of the construction company’s stock worth $66,106,000 after buying an additional 1,000,000 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Cemex S.A.B. de C.V. by 138.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,510,750 shares of the construction company’s stock worth $12,131,000 after buying an additional 877,502 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth about $60,059,000. First National Bank of Omaha increased its stake in shares of Cemex S.A.B. de C.V. by 4.0% in the second quarter. First National Bank of Omaha now owns 80,421 shares of the construction company’s stock worth $758,000 after buying an additional 3,092 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Cemex S.A.B. de C.V. by 0.9% in the first quarter. Legal & General Group Plc now owns 727,402 shares of the construction company’s stock worth $6,595,000 after buying an additional 6,500 shares in the last quarter. 39.13% of the stock is currently owned by institutional investors.

Shares of Cemex S.A.B. de C.V. (NYSE CX) opened at 9.22 on Friday. The company has a market capitalization of $138.29 billion, a PE ratio of 118.21 and a beta of 1.34. Cemex S.A.B. de C.V. has a 1-year low of $6.91 and a 1-year high of $10.37. The firm’s 50-day moving average price is $9.75 and its 200 day moving average price is $8.95.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. Equities analysts predict that Cemex S.A.B. de C.V. will post $0.58 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/13/clarivest-asset-management-llc-boosts-position-in-cemex-s-a-b-de-c-v-cx.html.

CX has been the topic of a number of analyst reports. UBS AG raised Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 4th. BidaskClub raised Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Bank of America Corporation raised Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.10 to $10.60 in a research report on Tuesday, June 20th. Citigroup Inc. downgraded Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price target on the stock. in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Cemex S.A.B. de C.V. has an average rating of “Buy” and an average target price of $10.63.

About Cemex S.A.B. de C.V.

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.

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

Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

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