871,730 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position 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 SEC. The firm acquired 871,730 shares of the construction company's stock, valued at approximately $6,756,000. Mackenzie Financial Corp owned 0.06% of CEMEX at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of CEMEX by 675.0% during the 4th quarter. International Assets Investment Management LLC now owns 447,766 shares of the construction company's stock worth $34,700,000 after buying an additional 389,990 shares during the period. American Century Companies Inc. grew its stake in shares of CEMEX by 3.4% during the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company's stock worth $63,341,000 after purchasing an additional 318,541 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of CEMEX during the fourth quarter worth $2,227,000. Wellington Management Group LLP bought a new position in CEMEX during the third quarter worth about $1,637,000. Finally, Hosking Partners LLP lifted its holdings in CEMEX by 2.4% during the third quarter. Hosking Partners LLP now owns 4,143,236 shares of the construction company's stock worth $26,931,000 after acquiring an additional 95,750 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

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

CEMEX Stock Down 1.1 %

CX traded down $0.09 on Friday, hitting $7.99. 6,100,501 shares of the company were exchanged, compared to its average volume of 7,628,311. CEMEX, S.A.B. de C.V. has a 12 month low of $5.67 and a 12 month high of $9.27. The company has a market cap of $11.58 billion, a PE ratio of 66.58, a PEG ratio of 0.15 and a beta of 1.47. 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 stock's fifty day moving average is $8.27 and its 200-day moving average is $7.57.

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