FNY Partners Fund LP increased its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 26,900.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,000 shares of the construction company’s stock after purchasing an additional 26,900 shares during the quarter. FNY Partners Fund LP’s holdings in Cemex S.A.B. de C.V. were worth $254,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Boston Partners acquired a new position in shares of Cemex S.A.B. de C.V. in the second quarter worth $131,831,000. Renaissance Technologies LLC acquired a new position in shares of Cemex S.A.B. de C.V. in the first quarter worth $60,059,000. Acadian Asset Management LLC raised its holdings in shares of Cemex S.A.B. de C.V. by 16.8% in the second quarter. Acadian Asset Management LLC now owns 31,336,598 shares of the construction company’s stock worth $295,194,000 after acquiring an additional 4,516,076 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Cemex S.A.B. de C.V. by 352.1% in the second quarter. SG Americas Securities LLC now owns 4,894,383 shares of the construction company’s stock worth $46,105,000 after acquiring an additional 3,811,756 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Cemex S.A.B. de C.V. in the first quarter worth $26,588,000. 40.20% of the stock is owned by hedge funds and other institutional investors.

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Shares of Cemex S.A.B. de C.V. (NYSE CX) traded down 0.384% during midday trading on Tuesday, hitting $9.085. The stock had a trading volume of 1,314,275 shares. 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 has a market cap of $136.27 billion, a price-to-earnings ratio of 116.474 and a beta of 1.34. The firm has a 50-day moving average price of $9.44 and a 200-day moving average price of $9.03.

Cemex S.A.B. de C.V. (NYSE:CX) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. On average, equities analysts anticipate that Cemex S.A.B. de C.V. will post $0.56 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. Citigroup Inc. downgraded Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price objective for the company. in a research report on Monday, July 17th. Berenberg Bank reaffirmed a “hold” rating and issued a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. BidaskClub downgraded Cemex S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Bank of America Corporation raised Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.10 to $10.60 in a research report on Tuesday, June 20th. 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 investment analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Cemex S.A.B. de C.V. has a consensus rating of “Buy” and an average 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.

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

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