Wellington Management Group LLP Buys New Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Wellington Management Group LLP purchased a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 251,863 shares of the construction company's stock, valued at approximately $1,637,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CX. Mariner LLC lifted its holdings in CEMEX by 9.7% during the 3rd quarter. Mariner LLC now owns 17,076 shares of the construction company's stock worth $111,000 after buying an additional 1,505 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in CEMEX by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 39,016 shares of the construction company's stock worth $254,000 after purchasing an additional 1,662 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of CEMEX by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 31,902 shares of the construction company's stock valued at $226,000 after buying an additional 1,890 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in CEMEX by 40.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company's stock worth $55,000 after acquiring an additional 2,454 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in CEMEX by 10.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,717 shares of the construction company's stock valued at $182,000 after acquiring an additional 2,517 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Price Performance

NYSE:CX traded up $0.16 during mid-day trading on Friday, hitting $9.01. 9,395,291 shares of the company's stock traded hands, compared to its average volume of 7,447,499. CEMEX, S.A.B. de C.V. has a 1 year low of $5.16 and a 1 year high of $9.03. The company has a market cap of $13.05 billion, a PE ratio of 75.08, a price-to-earnings-growth ratio of 0.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.74. The firm's 50 day simple moving average is $8.13 and its 200 day simple moving average is $7.36.

CEMEX (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. The company had revenue of $4.24 billion for the quarter. Sell-side analysts expect that CEMEX, S.A.B. de C.V. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CX. Bank of America raised CEMEX from a "neutral" rating to a "buy" rating and boosted their target price for the company from $8.20 to $9.00 in a report on Tuesday, January 9th. Barclays cut shares of CEMEX from an "overweight" rating to an "equal weight" rating and set a $9.00 price target for the company. in a research note on Friday, February 9th. Finally, StockNews.com cut shares of CEMEX from a "strong-buy" rating to a "buy" rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, CEMEX has an average rating of "Moderate Buy" and a consensus price target of $9.37.

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 worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.