Wellington Management Group LLP Has $5.42 Million Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Wellington Management Group LLP decreased its position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 43.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 961,089 shares of the construction company's stock after selling 734,071 shares during the quarter. Wellington Management Group LLP owned 0.07% of CEMEX worth $5,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. IFP Advisors Inc increased its position in CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after buying an additional 3,062 shares during the last quarter. Barclays PLC increased its position in CEMEX by 56.2% during the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after buying an additional 3,510 shares during the last quarter. Townsquare Capital LLC acquired a new position in CEMEX during the fourth quarter worth approximately $57,000. Dark Forest Capital Management LP acquired a new position in CEMEX during the fourth quarter worth approximately $59,000. Finally, Raiffeisen Bank International AG acquired a new position in CEMEX during the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CX shares. Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada upped their target price on CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a research report on Tuesday, April 29th. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Finally, Bradesco Corretora set a $7.50 price target on CEMEX and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.58.

CEMEX Price Performance

CX traded down $0.10 on Friday, reaching $6.71. The stock had a trading volume of 8,920,378 shares, compared to its average volume of 11,702,312. CEMEX, S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $7.34. The firm has a 50-day moving average of $6.16 and a 200-day moving average of $5.99. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 10.65 and a beta of 1.40.

CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The business had revenue of $186.46 million during the quarter, compared to analysts' expectations of $214.59 million. As a group, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

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.