Thomas White International Ltd. decreased its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 766,925 shares of the construction company’s stock after selling 197,062 shares during the period. Cemex S.A.B. de C.V. makes up 1.2% of Thomas White International Ltd.’s portfolio, making the stock its 15th largest position. Thomas White International Ltd.’s holdings in Cemex S.A.B. de C.V. were worth $7,224,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in 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 worth $615,000 after buying an additional 8,549 shares during the period. Wetherby Asset Management Inc. raised its stake in Cemex S.A.B. de C.V. by 3.0% in the first quarter. Wetherby Asset Management Inc. now owns 31,519 shares of the construction company’s stock worth $286,000 after buying an additional 916 shares during the period. OLD National Bancorp IN raised its stake in Cemex S.A.B. de C.V. by 68.6% in the first quarter. OLD National Bancorp IN now owns 21,766 shares of the construction company’s stock worth $197,000 after buying an additional 8,854 shares during the period. First Trust Advisors LP bought a new stake in Cemex S.A.B. de C.V. during the first quarter worth $562,000. Finally, Advisors Asset Management Inc. raised its stake in Cemex S.A.B. de C.V. by 69.2% in the first quarter. Advisors Asset Management Inc. now owns 317,089 shares of the construction company’s stock worth $2,876,000 after buying an additional 129,685 shares during the period. 40.20% of the stock is owned by hedge funds and other institutional investors.

Cemex S.A.B. de C.V. (CX) traded down 0.894% during trading on Thursday, reaching $9.425. The company’s stock had a trading volume of 1,677,305 shares. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37. The firm’s 50-day moving average price is $9.67 and its 200 day moving average price is $8.97. The company has a market capitalization of $141.37 billion, a P/E ratio of 120.833 and a beta of 1.34. Cemex S.A.B. de C.V. also was the recipient of some unusual options trading on Monday. Stock traders purchased 12,565 put options on the company. This represents an increase of 986% compared to the average daily volume of 1,157 put options.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. On average, analysts predict that Cemex S.A.B. de C.V. will post $0.59 earnings per share for the current fiscal year.

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A number of analysts recently commented on CX shares. UBS AG raised Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. BidaskClub raised Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Bank of America Corporation raised Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.10 to $10.60 in a research note on Tuesday, June 20th. Citigroup Inc. lowered Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price target for the company. in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $10.61.

Cemex S.A.B. de C.V. Company 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 S.A.B. de C.V. (NYSE:CX)

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