ETRADE Capital Management LLC lifted its holdings in Cemex SAB de CV (NYSE:CX) by 108.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,994 shares of the construction company’s stock after buying an additional 23,923 shares during the quarter. ETRADE Capital Management LLC’s holdings in Cemex SAB de CV were worth $418,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Cemex SAB de CV by 5.3% during 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. US Bancorp DE raised its holdings in Cemex SAB de CV by 110.4% during the 2nd quarter. US Bancorp DE now owns 48,451 shares of the construction company’s stock worth $456,000 after purchasing an additional 25,422 shares during the last quarter. NGAM Advisors L.P. raised its holdings in Cemex SAB de CV by 17.0% during the 2nd quarter. NGAM Advisors L.P. now owns 145,276 shares of the construction company’s stock worth $1,368,000 after purchasing an additional 21,062 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Cemex SAB de CV by 1.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 69,108 shares of the construction company’s stock worth $651,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Cemex SAB de CV by 111.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 18,597 shares of the construction company’s stock worth $175,000 after purchasing an additional 9,792 shares during the last quarter. 40.44% of the stock is owned by institutional investors and hedge funds.

Shares of Cemex SAB de CV (CX) opened at $7.51 on Monday. 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 company has a market capitalization of $10,966.61, a PE ratio of 11.75, a PEG ratio of 0.85 and a beta of 1.31. Cemex SAB de CV has a 52 week low of $7.41 and a 52 week high of $10.37.

Cemex SAB de CV (NYSE:CX) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. sell-side analysts predict that Cemex SAB de CV will post 0.56 earnings per share for the current year.

Several analysts have weighed in on the company. ValuEngine cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. J P Morgan Chase & Co dropped their price objective on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a report on Monday, October 30th. Finally, Citigroup raised Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 price objective for the company in a report on Monday, October 23rd. Six research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.76.

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Cemex SAB de CV 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 SAB de CV (NYSE:CX)

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