Vise Technologies Inc. Buys New Shares in CEMEX, S.A.B. de C.V. (NYSE:CX)

Vise Technologies Inc. purchased a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 38,967 shares of the construction company's stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dodge & Cox boosted its holdings in CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock worth $279,868,000 after buying an additional 48,942,309 shares during the period. Schroder Investment Management Group lifted its position in shares of CEMEX by 745.6% during the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after acquiring an additional 23,576,914 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of CEMEX in the fourth quarter worth $86,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CEMEX by 30.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock worth $229,806,000 after acquiring an additional 9,541,622 shares during the period. Finally, Brandes Investment Partners LP grew its position in shares of CEMEX by 33.7% in the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock valued at $136,679,000 after purchasing an additional 6,110,857 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

CX has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Bradesco Corretora set a $7.50 price target on CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. Wall Street Zen upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.58.

CEMEX Price Performance

Shares of NYSE:CX traded down $0.03 on Monday, hitting $6.82. The company's stock had a trading volume of 11,558,375 shares, compared to its average volume of 11,713,000. The company has a market capitalization of $9.88 billion, a PE ratio of 10.83 and a beta of 1.41. 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 company has a 50-day simple moving average of $6.07 and a 200 day simple moving average of $5.96. CEMEX, S.A.B. de C.V. has a 1 year low of $4.89 and a 1 year high of $7.37.

CEMEX (NYSE:CX - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

About CEMEX

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.