CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,449,289 shares of the construction company's stock after buying an additional 141,005 shares during the quarter. Vanguard Group Inc. owned approximately 0.24% of CEMEX worth $22,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in CEMEX by 40.6% during the third quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company's stock valued at $55,000 after purchasing an additional 2,454 shares in the last quarter. Atlas Capital Advisors LLC lifted its holdings in CEMEX by 678.4% during the second quarter. Atlas Capital Advisors LLC now owns 9,247 shares of the construction company's stock valued at $65,000 after purchasing an additional 8,059 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of CEMEX in the fourth quarter worth about $41,000. Atria Wealth Solutions Inc. purchased a new position in shares of CEMEX in the second quarter worth about $40,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of CEMEX in the second quarter worth about $74,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

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

CEMEX Trading Down 2.1 %

CX stock traded down $0.18 during trading on Friday, reaching $8.56. 4,076,641 shares of the stock were exchanged, compared to its average volume of 8,351,092. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $8.28 and a 200-day moving average price of $7.51. CEMEX, S.A.B. de C.V. has a 1 year low of $5.67 and a 1 year high of $9.27. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 71.33, a P/E/G ratio of 0.16 and a beta of 1.47.

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