Ellington Management Group LLC grew its holdings in shares of Cemex SAB de CV (NYSE:CX) by 547.3% during the fourth quarter, HoldingsChannel reports. The firm owned 72,500 shares of the construction company’s stock after purchasing an additional 61,300 shares during the period. Ellington Management Group LLC’s holdings in Cemex SAB de CV were worth $544,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new position in shares of Cemex SAB de CV during the 4th quarter valued at $132,000. Dixon Hubard Feinour & Brown Inc. VA bought a new position in Cemex SAB de CV in the 3rd quarter worth $156,000. Advisor Group Inc. raised its holdings in Cemex SAB de CV by 46.9% in the 4th quarter. Advisor Group Inc. now owns 22,809 shares of the construction company’s stock worth $171,000 after acquiring an additional 7,283 shares during the period. Stevens Capital Management LP bought a new position in Cemex SAB de CV in the 3rd quarter worth $197,000. Finally, Landscape Capital Management L.L.C. bought a new position in Cemex SAB de CV in the 4th quarter worth $252,000. Institutional investors and hedge funds own 36.89% of the company’s stock.
Shares of Cemex SAB de CV (NYSE:CX) opened at $7.33 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.64 and a debt-to-equity ratio of 0.84. The stock has a market cap of $10,572.34, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.63 and a beta of 1.48. Cemex SAB de CV has a 12-month low of $6.45 and a 12-month high of $10.37.
Cemex SAB de CV (NYSE:CX) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $3.42 billion during the quarter. Cemex SAB de CV had a return on equity of 5.85% and a net margin of 5.91%. sell-side analysts predict that Cemex SAB de CV will post 0.66 earnings per share for the current fiscal year.
CX has been the topic of several recent analyst reports. ValuEngine downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Bank of America dropped their target price on shares of Cemex SAB de CV from $8.70 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. UBS Group downgraded shares of Cemex SAB de CV from a “buy” rating to a “sell” rating and dropped their target price for the stock from $7.62 to $6.50 in a report on Thursday, February 15th. Finally, Santander downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.69.
About Cemex SAB de CV
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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