United Services Automobile Association decreased its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 6.8% during the first quarter, Holdings Channel reports. The fund owned 502,559 shares of the construction company’s stock after selling 36,850 shares during the period. United Services Automobile Association’s holdings in Cemex S.A.B. de C.V. were worth $4,558,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CX. First Republic Investment Management Inc. raised its stake in shares of Cemex S.A.B. de C.V. by 7.9% in the fourth quarter. First Republic Investment Management Inc. now owns 62,348 shares of the construction company’s stock worth $501,000 after buying an additional 4,586 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Cemex S.A.B. de C.V. during the fourth quarter worth $48,727,000. Envestnet Asset Management Inc. raised its stake in shares of Cemex S.A.B. de C.V. by 49.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 176,869 shares of the construction company’s stock worth $1,419,000 after buying an additional 58,600 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Cemex S.A.B. de C.V. during the fourth quarter worth $3,822,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of Cemex S.A.B. de C.V. during the fourth quarter worth $131,000. 38.83% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Cemex S.A.B. de C.V. (NYSE CX) traded up 1.09% on Friday, reaching $9.24. 11,637,752 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $8.75 and a 200-day moving average price of $8.44. The company has a market cap of $134.93 billion, a PE ratio of 132.00 and a beta of 1.46. Cemex S.A.B. de C.V. has a 12-month low of $5.28 and a 12-month high of $9.40.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings results on Thursday, April 27th. The construction company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. Cemex S.A.B. de C.V. had a net margin of 7.66% and a return on equity of 8.54%. The business had revenue of $3.14 billion for the quarter. Equities research analysts anticipate that Cemex S.A.B. de C.V. will post $0.54 EPS for the current fiscal year.

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Several equities research analysts recently commented on CX shares. Vetr raised shares of Cemex S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating and set a $13.16 price objective on the stock in a research note on Tuesday, March 7th. Credit Suisse Group set a $11.00 price objective on shares of Cemex S.A.B. de C.V. and gave the stock a “buy” rating in a research note on Friday, March 17th. Morgan Stanley raised shares of Cemex S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $8.50 to $11.00 in a research note on Tuesday, April 4th. Longbow Research raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, March 31st. Finally, Zacks Investment Research raised shares of Cemex S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, April 6th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $10.79.

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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