1,452,995 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC bought a new position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,452,995 shares of the construction company's stock, valued at approximately $11,261,000. CEMEX accounts for about 0.7% of Robertson Stephens Wealth Management LLC's investment portfolio, making the stock its 28th biggest holding. Robertson Stephens Wealth Management LLC owned approximately 0.10% of CEMEX at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in CEMEX by 675.0% in the 4th quarter. International Assets Investment Management LLC now owns 447,766 shares of the construction company's stock worth $34,700,000 after purchasing an additional 389,990 shares during the period. American Century Companies Inc. increased its stake in CEMEX by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company's stock worth $63,341,000 after buying an additional 318,541 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in CEMEX in the 4th quarter worth $2,227,000. Hosking Partners LLP increased its stake in CEMEX by 2.4% in the 3rd quarter. Hosking Partners LLP now owns 4,143,236 shares of the construction company's stock worth $26,931,000 after buying an additional 95,750 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in CEMEX in the 3rd quarter worth $1,637,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CX. The Goldman Sachs Group increased their price target on CEMEX from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Barclays lowered CEMEX from an "overweight" rating to an "equal weight" rating and set a $9.00 price objective for the company. in a research report on Friday, February 9th. StockNews.com upgraded CEMEX from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 26th. Finally, Bank of America lowered CEMEX from a "buy" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.53.

CEMEX Trading Down 0.3 %

NYSE CX traded down $0.03 during trading on Wednesday, hitting $7.89. The stock had a trading volume of 3,599,534 shares, compared to its average volume of 6,697,843. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 56.50, a P/E/G ratio of 0.17 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a one year low of $5.67 and a one year high of $9.27. The stock has a 50 day simple moving average of $8.33 and a 200 day simple moving average of $7.67.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The firm had revenue of $4.14 billion during the quarter. During the same period in the prior year, the firm posted $0.15 EPS. Sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.88 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.

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