Cemex S.A.B. de C.V. (CX) Position Reduced by Macquarie Group Ltd.

Macquarie Group Ltd. trimmed its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,495,779 shares of the construction company’s stock after selling 15,821 shares during the quarter. Macquarie Group Ltd.’s holdings in Cemex S.A.B. de C.V. were worth $32,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CX. Boston Partners purchased a new stake in Cemex S.A.B. de C.V. during the 2nd quarter valued at about $131,831,000. Dodge & Cox grew its position in Cemex S.A.B. de C.V. by 13.9% during the 2nd quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock valued at $676,977,000 after purchasing an additional 8,781,290 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Cemex S.A.B. de C.V. during the 2nd quarter valued at about $80,758,000. Renaissance Technologies LLC purchased a new stake in Cemex S.A.B. de C.V. during the 1st quarter valued at about $60,059,000. Finally, Lazard Asset Management LLC grew its position in Cemex S.A.B. de C.V. by 4,464.4% during the 2nd quarter. Lazard Asset Management LLC now owns 6,150,276 shares of the construction company’s stock valued at $57,934,000 after purchasing an additional 6,015,533 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) opened at 8.63 on Tuesday. The company has a 50 day moving average price of $9.13 and a 200 day moving average price of $9.11. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37. The company has a market capitalization of $129.44 billion, a P/E ratio of 112.08 and a beta of 1.31.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. The business had revenue of $3.58 billion during the quarter. Equities analysts anticipate that Cemex S.A.B. de C.V. will post $0.56 EPS for the current year.

A number of analysts have recently issued reports on the stock. Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their price target for the company from $10.10 to $10.60 in a report on Tuesday, June 20th. BidaskClub raised shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Berenberg Bank reaffirmed a “hold” rating and set a $8.40 price target on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cemex S.A.B. de C.V. has a consensus rating of “Buy” and an average price target of $10.58.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/cemex-s-a-b-de-c-v-cx-position-reduced-by-macquarie-group-ltd.html.

About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or

A number of other hedge funds have also recently made changes to their positions in CX. Boston Partners purchased a new stake in Cemex S.A.B. de C.V. during the 2nd quarter valued at about $131,831,000. Dodge & Cox grew its position in Cemex S.A.B. de C.V. by 13.9% during the 2nd quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock valued at $676,977,000 after purchasing an additional 8,781,290 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Cemex S.A.B. de C.V. during the 2nd quarter valued at about $80,758,000. Renaissance Technologies LLC purchased a new stake in Cemex S.A.B. de C.V. during the 1st quarter valued at about $60,059,000. Finally, Lazard Asset Management LLC grew its position in Cemex S.A.B. de C.V. by 4,464.4% during the 2nd quarter. Lazard Asset Management LLC now owns 6,150,276 shares of the construction company’s stock valued at $57,934,000 after purchasing an additional 6,015,533 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) opened at 8.63 on Tuesday. The company has a 50 day moving average price of $9.13 and a 200 day moving average price of $9.11. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37. The company has a market capitalization of $129.44 billion, a P/E ratio of 112.08 and a beta of 1.31.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. The business had revenue of $3.58 billion during the quarter. Equities analysts anticipate that Cemex S.A.B. de C.V. will post $0.56 EPS for the current year.

A number of analysts have recently issued reports on the stock. Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their price target for the company from $10.10 to $10.60 in a report on Tuesday, June 20th. BidaskClub raised shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Berenberg Bank reaffirmed a “hold” rating and set a $8.40 price target on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cemex S.A.B. de C.V. has a consensus rating of “Buy” and an average price target of $10.58.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/cemex-s-a-b-de-c-v-cx-position-reduced-by-macquarie-group-ltd.html.

About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

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