William Blair Investment Management LLC reduced its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 20.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,381,353 shares of the construction company’s stock after selling 1,366,824 shares during the period. William Blair Investment Management LLC’s holdings in Cemex S.A.B. de C.V. were worth $50,692,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Profund Advisors LLC increased its stake in shares of Cemex S.A.B. de C.V. by 74.6% in the first quarter. Profund Advisors LLC now owns 234,410 shares of the construction company’s stock valued at $2,126,000 after buying an additional 100,158 shares during the period. Acadian Asset Management LLC increased its stake in shares of Cemex S.A.B. de C.V. by 28.5% in the first quarter. Acadian Asset Management LLC now owns 26,820,522 shares of the construction company’s stock valued at $243,261,000 after buying an additional 5,949,676 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Cemex S.A.B. de C.V. by 14.4% in the first quarter. Janney Montgomery Scott LLC now owns 67,847 shares of the construction company’s stock valued at $615,000 after buying an additional 8,549 shares during the period. Narwhal Capital Management increased its stake in shares of Cemex S.A.B. de C.V. by 12.2% in the first quarter. Narwhal Capital Management now owns 107,300 shares of the construction company’s stock valued at $973,000 after buying an additional 11,700 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Cemex S.A.B. de C.V. by 6.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,847,474 shares of the construction company’s stock valued at $16,757,000 after buying an additional 113,599 shares during the period. 39.47% of the stock is currently owned by institutional investors.

Cemex S.A.B. de C.V. (NYSE CX) opened at 9.18 on Tuesday. Cemex S.A.B. de C.V. has a 52-week low of $6.91 and a 52-week high of $10.37. The stock has a 50 day moving average of $9.74 and a 200-day moving average of $8.96. The firm has a market cap of $137.69 billion, a price-to-earnings ratio of 119.22 and a beta of 1.34.

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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. The company had revenue of $3.58 billion for the quarter. On average, analysts expect that Cemex S.A.B. de C.V. will post $0.57 EPS for the current year.

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CX has been the topic of several recent research reports. UBS AG raised shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a report on Thursday, May 4th. 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. Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and upped their price target for the company from $10.10 to $10.60 in a report on Tuesday, June 20th. Citigroup Inc. downgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price target on the stock. in a report on Monday, July 17th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.60.

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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