Wynn Capital LLC Invests $186,000 in CEMEX, S.A.B. de C.V. (NYSE:CX)

Wynn Capital LLC acquired a new position in CEMEX, S.A.B. de C.V. (NYSE:CX) in the 4th quarter, Holdings Channel reports. The firm acquired 24,000 shares of the construction company’s stock, valued at approximately $186,000.

Other large investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new position in CEMEX during the 4th quarter valued at $26,000. Blue Trust Inc. increased its position in CEMEX by 65.0% in the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after buying an additional 2,062 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of CEMEX by 40.6% in the third quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after purchasing an additional 2,454 shares in the last quarter. MQS Management LLC bought a new position in shares of CEMEX in the third quarter worth $70,000. Finally, Euro Pacific Asset Management LLC bought a new position in shares of CEMEX in the third quarter worth $72,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CX. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. Bank of America cut CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Wednesday. Finally, Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.37.

CEMEX Trading Down 0.5 %

Shares of NYSE CX traded down $0.04 during mid-day trading on Thursday, hitting $8.08. 5,104,323 shares of the company traded hands, compared to its average volume of 6,641,331. CEMEX, S.A.B. de C.V. has a 1 year low of $5.67 and a 1 year high of $9.27. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 66.17, a PEG ratio of 0.16 and a beta of 1.47. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $8.30 and a two-hundred day moving average of $7.61.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. The company had revenue of $4.24 billion for the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. On average, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

CEMEX Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.