Cemex SAB de CV (CX) Position Trimmed by USS Investment Management Ltd

USS Investment Management Ltd trimmed its position in shares of Cemex SAB de CV (NYSE:CX) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,167,951 shares of the construction company’s stock after selling 900,000 shares during the period. USS Investment Management Ltd owned approximately 0.29% of Cemex SAB de CV worth $31,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CX. First Allied Advisory Services Inc. grew its holdings in Cemex SAB de CV by 4.8% during the 2nd quarter. First Allied Advisory Services Inc. now owns 18,812 shares of the construction company’s stock worth $175,000 after acquiring an additional 864 shares in the last quarter. 1st Global Advisors Inc. grew its holdings in Cemex SAB de CV by 2.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 61,810 shares of the construction company’s stock worth $582,000 after acquiring an additional 1,288 shares in the last quarter. Veritable L.P. grew its holdings in Cemex SAB de CV by 4.0% during the 2nd quarter. Veritable L.P. now owns 80,262 shares of the construction company’s stock worth $756,000 after acquiring an additional 3,087 shares in the last quarter. Suntrust Banks Inc. grew its holdings in Cemex SAB de CV by 5.6% during the 2nd quarter. Suntrust Banks Inc. now owns 60,323 shares of the construction company’s stock worth $568,000 after acquiring an additional 3,211 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Cemex SAB de CV by 21.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,719 shares of the construction company’s stock worth $242,000 after acquiring an additional 4,578 shares in the last quarter. 40.39% of the stock is owned by institutional investors and hedge funds.

Cemex SAB de CV (NYSE CX) traded up $0.09 during trading on Tuesday, hitting $8.03. 10,322,100 shares of the stock were exchanged, compared to its average volume of 13,038,522. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 0.74. Cemex SAB de CV has a one year low of $7.09 and a one year high of $10.37. The company has a market cap of $11,980.00, a P/E ratio of 13.84, a P/E/G ratio of 0.98 and a beta of 1.32.

Cemex SAB de CV (NYSE:CX) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a return on equity of 8.71% and a net margin of 8.38%. equities analysts expect that Cemex SAB de CV will post 0.52 EPS for the current year.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. ValuEngine lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. JPMorgan Chase & Co. decreased their price objective on shares of Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a report on Monday, October 30th. Citigroup raised shares of Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, December 19th. Finally, Santander lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Cemex SAB de CV has an average rating of “Buy” and a consensus price target of $10.87.

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Cemex SAB de CV Company Profile

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 SAB de CV (NYSE:CX)

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