Barings LLC Acquires New Position in Cemex SAB de CV (CX)

Barings LLC purchased a new stake in Cemex SAB de CV (NYSE:CX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,472,100 shares of the construction company’s stock, valued at approximately $11,041,000. Barings LLC owned about 0.10% of Cemex SAB de CV at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners boosted its holdings in Cemex SAB de CV by 20.7% during the fourth quarter. Boston Partners now owns 57,044,699 shares of the construction company’s stock worth $427,836,000 after buying an additional 9,794,846 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Cemex SAB de CV by 3.0% during the third quarter. Baillie Gifford & Co. now owns 32,207,753 shares of the construction company’s stock worth $292,446,000 after buying an additional 923,668 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cemex SAB de CV by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 29,454,875 shares of the construction company’s stock worth $267,426,000 after buying an additional 1,063,387 shares in the last quarter. Investec Asset Management LTD boosted its holdings in Cemex SAB de CV by 74.2% during the third quarter. Investec Asset Management LTD now owns 14,936,148 shares of the construction company’s stock worth $135,620,000 after buying an additional 6,363,147 shares in the last quarter. Finally, Hosking Partners LLP lifted its holdings in shares of Cemex SAB de CV by 0.4% in the third quarter. Hosking Partners LLP now owns 7,144,062 shares of the construction company’s stock valued at $64,868,000 after purchasing an additional 28,950 shares in the last quarter. 36.34% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on CX. UBS Group downgraded shares of Cemex SAB de CV from a “buy” rating to a “sell” rating and reduced their price target for the company from $7.62 to $6.50 in a report on Thursday, February 15th. Zacks Investment Research raised shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. ValuEngine downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup raised shares of Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, December 19th. Finally, Santander lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cemex SAB de CV has a consensus rating of “Hold” and an average target price of $10.37.

Cemex SAB de CV (CX) remained flat at $$7.20 on Wednesday. 1,194,921 shares of the company’s stock were exchanged, compared to its average volume of 10,889,484. The firm has a market capitalization of $10,908.20, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.32. Cemex SAB de CV has a 12-month low of $7.09 and a 12-month high of $10.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.64.

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Cemex SAB de CV 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.

Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

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