Keybank National Association OH decreased its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 48.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,178 shares of the construction company’s stock after selling 12,149 shares during the quarter. Keybank National Association OH’s holdings in Cemex S.A.B. de C.V. were worth $124,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its position in shares of Cemex S.A.B. de C.V. by 3.1% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock worth $100,000 after buying an additional 333 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Cemex S.A.B. de C.V. during the 1st quarter worth approximately $100,000. Neuberger Berman Group LLC acquired a new stake in shares of Cemex S.A.B. de C.V. during the 2nd quarter worth approximately $100,000. First Financial Equity Corporation acquired a new stake in shares of Cemex S.A.B. de C.V. during the 1st quarter worth approximately $101,000. Finally, Huntington National Bank grew its position in shares of Cemex S.A.B. de C.V. by 19.0% during the 2nd quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after buying an additional 1,722 shares during the period. Institutional investors own 40.19% of the company’s stock.

A number of research analysts recently issued reports on the stock. Berenberg Bank restated a “hold” rating and set a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. cut shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price objective for the company. in a report on Monday, July 17th. Bank of America Corporation cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $10.60 to $10.70 in a report on Tuesday, August 29th. Finally, BidaskClub cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.63.

Cemex S.A.B. de C.V. (NYSE CX) opened at 9.06 on Monday. The firm has a market cap of $135.89 billion, a PE ratio of 117.66 and a beta of 1.34. The stock has a 50 day moving average of $9.33 and a 200 day moving average of $9.04. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37.

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 earnings per share (EPS) for the quarter, hitting the 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 firm had revenue of $3.58 billion during the quarter. On average, equities research analysts anticipate that Cemex S.A.B. de C.V. will post $0.56 EPS for the current fiscal year.

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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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