Moneda S.A. Administradora General de Fondos Acquires Shares of 1,062,133 CEMEX, S.A.B. de C.V. (NYSE:CX)

Moneda S.A. Administradora General de Fondos bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,062,133 shares of the construction company's stock, valued at approximately $8,232,000. CEMEX makes up about 3.7% of Moneda S.A. Administradora General de Fondos' holdings, making the stock its 7th largest holding. Moneda S.A. Administradora General de Fondos owned 0.07% of CEMEX at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new stake in CEMEX during the fourth quarter valued at about $26,000. Atria Wealth Solutions Inc. purchased a new stake in shares of CEMEX in the second quarter worth approximately $40,000. Blue Trust Inc. lifted its position in shares of CEMEX by 65.0% in the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company's stock worth $41,000 after purchasing an additional 2,062 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of CEMEX in the fourth quarter worth approximately $41,000. Finally, Cetera Advisor Networks LLC bought a new position in CEMEX during the second quarter valued at approximately $53,000. Institutional investors own 82.97% of the company's stock.

CEMEX Stock Performance

CX stock traded down $0.09 during midday trading on Friday, hitting $7.99. The stock had a trading volume of 6,100,501 shares, compared to its average volume of 7,628,311. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 66.58, a P/E/G ratio of 0.15 and a beta of 1.47. The stock has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $7.56. CEMEX, S.A.B. de C.V. has a 52 week low of $5.67 and a 52 week high of $9.27. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share (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. As a group, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CX has been the topic of several recent research reports. StockNews.com lowered shares of CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 9th. Bank of America upgraded CEMEX from a "neutral" rating to a "buy" rating and increased their price target for the company from $8.20 to $9.00 in a report on Tuesday, January 9th. Finally, Barclays downgraded CEMEX from an "overweight" rating to an "equal weight" rating and set a $9.00 price target on the stock. in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, CEMEX has a consensus rating of "Moderate Buy" and an average 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 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.