Cemex S.A.B. de C.V. (CX) Shares Sold by Pitcairn Co.
Pitcairn Co. trimmed its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,500 shares of the construction company’s stock after selling 13,571 shares during the quarter. Pitcairn Co.’s holdings in Cemex S.A.B. de C.V. were worth $612,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CX. Neuberger Berman Group LLC purchased a new position in shares of Cemex S.A.B. de C.V. during the second quarter valued at $100,000. Huntington National Bank increased its stake in shares of Cemex S.A.B. de C.V. by 19.0% during the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock valued at $102,000 after buying an additional 1,722 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Cemex S.A.B. de C.V. by 2.9% during the second quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock valued at $107,000 after buying an additional 315 shares during the period. Institute for Wealth Management LLC. purchased a new position in shares of Cemex S.A.B. de C.V. during the second quarter valued at $115,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Cemex S.A.B. de C.V. during the third quarter valued at $141,000. Institutional investors and hedge funds own 39.71% of the company’s stock.
Cemex S.A.B. de C.V. (NYSE CX) traded down $0.14 on Friday, reaching $8.10. The company’s stock had a trading volume of 10,096,000 shares, compared to its average volume of 10,810,183. Cemex S.A.B. de C.V. has a 52 week low of $7.19 and a 52 week high of $10.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.74 and a quick ratio of 0.54. The stock has a market capitalization of $11,828.17, a price-to-earnings ratio of 12.67, a PEG ratio of 1.03 and a beta of 1.35.
Cemex S.A.B. de C.V. (NYSE:CX) last posted its earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a net margin of 8.38% and a return on equity of 8.71%. research analysts predict that Cemex S.A.B. de C.V. will post 0.5 earnings per share for the current fiscal year.
Several brokerages have recently commented on CX. BidaskClub lowered Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Bank of America Corporation lowered Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and raised their price target for the company from $10.60 to $10.70 in a research note on Tuesday, August 29th. Zacks Investment Research lowered Cemex S.A.B. de C.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Citigroup Inc. upgraded Cemex S.A.B. de C.V. from a “sell” rating to a “neutral” rating and set a $9.00 price target on the stock in a research note on Monday, October 23rd. Finally, J P Morgan Chase & Co cut their price target on Cemex S.A.B. de C.V. from $11.20 to $10.60 and set an “overweight” rating on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $10.59.
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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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