Ameriprise Financial Inc. Lowers Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Ameriprise Financial Inc. trimmed its position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,273 shares of the construction company's stock after selling 76,721 shares during the quarter. Ameriprise Financial Inc.'s holdings in CEMEX were worth $1,823,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Dodge & Cox raised its stake in CEMEX by 7,200.6% during the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock valued at $279,868,000 after purchasing an additional 48,942,309 shares in the last quarter. Schroder Investment Management Group raised its position in shares of CEMEX by 745.6% during the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock valued at $150,809,000 after buying an additional 23,576,914 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in shares of CEMEX by 33.7% in the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock valued at $136,679,000 after acquiring an additional 6,110,857 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in CEMEX in the fourth quarter worth about $86,056,000. Finally, RWC Asset Advisors US LLC increased its stake in CEMEX by 6.4% during the fourth quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company's stock worth $67,903,000 after acquiring an additional 719,735 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

CEMEX Trading Down 0.4%

Shares of NYSE:CX traded down $0.03 on Wednesday, hitting $6.79. 9,352,232 shares of the company's stock were exchanged, compared to its average volume of 11,695,723. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 10.78 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $7.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The business's 50 day simple moving average is $6.11 and its two-hundred day simple moving average is $5.97.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The company had revenue of $186.46 million during the quarter, compared to analyst estimates of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CX. Bradesco Corretora set a $7.50 target price on CEMEX and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Wall Street Zen raised shares of CEMEX from a "hold" rating to a "buy" rating in a research note on Saturday, May 3rd. Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada raised their target price on shares of CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, CEMEX currently has an average rating of "Hold" and a consensus price target of $7.58.

CEMEX Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.