Vanguard Group Inc. raised its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,553,703 shares of the construction company’s stock after buying an additional 77,948 shares during the period. Vanguard Group Inc.’s holdings in Cemex S.A.B. de C.V. were worth $14,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new position in Cemex S.A.B. de C.V. during the first quarter valued at $5,606,000. Banco Santander S.A. increased its stake in Cemex S.A.B. de C.V. by 13.6% in the first quarter. Banco Santander S.A. now owns 8,330,463 shares of the construction company’s stock valued at $66,106,000 after buying an additional 1,000,000 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in Cemex S.A.B. de C.V. during the first quarter valued at about $5,606,000. Apertura Capital LLC bought a new stake in Cemex S.A.B. de C.V. during the first quarter valued at about $3,052,000. Finally, Fifth Third Bancorp increased its stake in Cemex S.A.B. de C.V. by 18.4% in the first quarter. Fifth Third Bancorp now owns 72,633 shares of the construction company’s stock valued at $659,000 after buying an additional 11,284 shares during the period. 40.20% of the stock is currently owned by hedge funds and other institutional investors.

Cemex S.A.B. de C.V. (NYSE CX) traded down 2.136% during trading on Monday, reaching $8.935. The company had a trading volume of 4,454,521 shares. The company has a market capitalization of $134.02 billion, a price-to-earnings ratio of 116.039 and a beta of 1.34. The company has a 50-day moving average price of $9.67 and a 200 day moving average price of $8.97. Cemex S.A.B. de C.V. has a one year low of $6.91 and a one year high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. The business had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. Analysts expect that Cemex S.A.B. de C.V. will post $0.57 earnings per share for the current year.

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Several analysts have recently issued reports on the company. BidaskClub downgraded Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. UBS AG raised Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a report on Thursday, May 4th. Zacks Investment Research cut Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Bank of America Corporation raised 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. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $8.40 price target on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus 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.

Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

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