River Global Investors LLP Sells 144,966 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

River Global Investors LLP lowered its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 684,250 shares of the construction company's stock after selling 144,966 shares during the period. CEMEX comprises about 1.0% of River Global Investors LLP's investment portfolio, making the stock its 21st biggest position. River Global Investors LLP's holdings in CEMEX were worth $5,303,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new stake in CEMEX in the fourth quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in CEMEX by 65.0% during the 4th quarter. Blue Trust Inc. now owns 5,232 shares of the construction company's stock valued at $41,000 after buying an additional 2,062 shares during the last quarter. PNC Financial Services Group Inc. boosted its position 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 valued at $55,000 after buying an additional 2,454 shares during the period. Euro Pacific Asset Management LLC bought a new stake in CEMEX in the 3rd quarter worth $72,000. Finally, MQS Management LLC purchased a new position in shares of CEMEX in the third quarter valued at about $70,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

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

CEMEX Stock Up 2.3 %

Shares of CX traded up $0.18 on Friday, reaching $8.00. The stock had a trading volume of 3,746,232 shares, compared to its average volume of 6,276,776. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. CEMEX, S.A.B. de C.V. has a 12-month low of $5.67 and a 12-month high of $9.27. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 57.14, a price-to-earnings-growth ratio of 0.16 and a beta of 1.50. The company has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $7.70.

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

About CEMEX

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.