Macquarie Group Ltd. cut its position in CEMEX SAB de CV (NYSE:CX) by 12.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,029,734 shares of the company’s stock after selling 285,840 shares during the period. Macquarie Group Ltd.’s holdings in CEMEX SAB de CV were worth $12,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Insurance Co. TX boosted its position in CEMEX SAB de CV by 4.0% in the second quarter. American National Insurance Co. TX now owns 16,816 shares of the company’s stock worth $104,000 after buying an additional 645 shares during the last quarter. Global Thematic Partners LLC boosted its position in CEMEX SAB de CV by 4.0% in the second quarter. Global Thematic Partners LLC now owns 16,870 shares of the company’s stock worth $104,000 after buying an additional 648 shares during the last quarter. FCA Corp TX boosted its position in CEMEX SAB de CV by 4.0% in the second quarter. FCA Corp TX now owns 27,669 shares of the company’s stock worth $171,000 after buying an additional 1,064 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in CEMEX SAB de CV by 4.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 23,764 shares of the company’s stock worth $147,000 after buying an additional 1,113 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its position in CEMEX SAB de CV by 4.0% in the second quarter. Blume Capital Management Inc. now owns 34,621 shares of the company’s stock worth $214,000 after buying an additional 1,324 shares during the last quarter. Hedge funds and other institutional investors own 36.01% of the company’s stock.

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

Shares of CEMEX SAB de CV (NYSE:CX) traded up 0.319% during trading on Wednesday, hitting $7.865. 9,398,603 shares of the company traded hands. CEMEX SAB de CV has a 52-week low of $3.50 and a 52-week high of $9.35. The company has a 50-day moving average of $8.37 and a 200-day moving average of $7.53. The stock has a market capitalization of $110.41 billion, a PE ratio of 196.625 and a beta of 1.98.

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Several research analysts have issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of CEMEX SAB de CV in a report on Monday, August 15th. Vetr upgraded shares of CEMEX SAB de CV from a “buy” rating to a “strong-buy” rating and set a $9.74 target price on the stock in a report on Tuesday, September 6th. Santander cut shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Monday, August 15th. TheStreet upgraded shares of CEMEX SAB de CV from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Finally, Bank of America Corp. cut shares of CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, November 9th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CEMEX SAB de CV currently has an average rating of “Buy” and an average target price of $8.89.

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.

5 Day Chart for NYSE:CX

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