Cemex S.A.B. de C.V. (NYSE:CX) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 21,247,519 shares, a decrease of 18.8% from the August 15th total of 26,161,699 shares. Based on an average trading volume of 7,510,384 shares, the days-to-cover ratio is currently 2.8 days.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hosking Partners LLP increased its position in shares of Cemex S.A.B. de C.V. by 1.1% in the 2nd quarter. Hosking Partners LLP now owns 7,115,112 shares of the construction company’s stock worth $67,024,000 after purchasing an additional 78,818 shares during the last quarter. Banco Santander S.A. increased its position in shares of Cemex S.A.B. de C.V. by 13.6% in the 1st quarter. Banco Santander S.A. now owns 8,330,463 shares of the construction company’s stock worth $66,106,000 after purchasing an additional 1,000,000 shares during the last quarter. First National Bank of Omaha increased its position in shares of Cemex S.A.B. de C.V. by 4.0% in the 2nd quarter. First National Bank of Omaha now owns 80,421 shares of the construction company’s stock worth $758,000 after purchasing an additional 3,092 shares during the last quarter. Legal & General Group Plc increased its position in shares of Cemex S.A.B. de C.V. by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 767,845 shares of the construction company’s stock worth $7,236,000 after purchasing an additional 40,443 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Cemex S.A.B. de C.V. by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,553,703 shares of the construction company’s stock worth $14,092,000 after purchasing an additional 77,948 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on CX shares. Bank of America Corporation raised Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and increased their target price for the company from $10.10 to $10.60 in a report on Tuesday, June 20th. BidaskClub raised Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Berenberg Bank reissued a “hold” rating and issued a $8.40 target price on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. Zacks Investment Research lowered Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. lowered Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price on the stock. in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Cemex S.A.B. de C.V. has a consensus rating of “Buy” and an average target price of $10.63.

Cemex S.A.B. de C.V. (CX) opened at 9.35 on Friday. The firm has a 50-day moving average of $9.30 and a 200 day moving average of $9.06. The firm has a market cap of $140.24 billion, a P/E ratio of 121.43 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.

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 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. The firm had revenue of $3.58 billion for the quarter. On average, analysts predict that Cemex S.A.B. de C.V. will post $0.56 EPS for the current year.

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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.

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