CEMEX, S.A.B. de C.V. (NYSE:CX) Stake Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,348,366 shares of the construction company's stock after selling 133,050 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of CEMEX worth $7,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CX. IFP Advisors Inc increased its holdings in shares of CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after purchasing an additional 3,062 shares during the period. Natixis Advisors LLC grew its holdings in shares of CEMEX by 13.6% during the 4th quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock worth $2,023,000 after acquiring an additional 43,089 shares during the period. Vanguard Group Inc. grew its holdings in CEMEX by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock worth $21,790,000 after purchasing an additional 53,269 shares during the period. QRG Capital Management Inc. increased its holdings in shares of CEMEX by 30.5% during the fourth quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock valued at $174,000 after acquiring an additional 7,232 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in CEMEX in the 4th quarter worth about $63,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CX. The Goldman Sachs Group upped their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada boosted their price objective on CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen raised shares of CEMEX from a "hold" rating to a "buy" rating in a report on Saturday, May 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.58.

CEMEX Trading Down 3.0%

Shares of CEMEX stock traded down $0.21 during trading hours on Friday, hitting $6.83. The company's stock had a trading volume of 22,304,062 shares, compared to its average volume of 11,714,094. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $7.37. The company has a market capitalization of $9.90 billion, a PE ratio of 10.84 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $6.06 and a 200 day moving average of $5.95.

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%. As a group, equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Company 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.