Janney Montgomery Scott LLC Buys 4,784 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Janney Montgomery Scott LLC lifted its stake in CEMEX, S.A.B. de C.V. (NYSE:CXGet Rating) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,401 shares of the construction company’s stock after acquiring an additional 4,784 shares during the period. Janney Montgomery Scott LLC’s holdings in CEMEX were worth $162,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CX. Prism Advisors Inc. acquired a new position in CEMEX during the 2nd quarter valued at about $45,000. QCM Cayman Ltd. acquired a new position in CEMEX during the 1st quarter valued at about $57,000. Truist Financial Corp acquired a new position in CEMEX during the 1st quarter valued at about $57,000. Thompson Davis & CO. Inc. acquired a new position in CEMEX during the 2nd quarter valued at about $62,000. Finally, Sequoia Financial Advisors LLC acquired a new position in CEMEX during the 1st quarter valued at about $65,000. 29.19% of the stock is owned by institutional investors.

CEMEX Stock Down 2.0 %

Shares of CX stock opened at $4.50 on Friday. The stock’s 50-day simple moving average is $3.72 and its 200-day simple moving average is $3.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.87. The firm has a market capitalization of $6.62 billion, a PE ratio of 5.70, a P/E/G ratio of 0.52 and a beta of 1.31. CEMEX, S.A.B. de C.V. has a fifty-two week low of $3.20 and a fifty-two week high of $6.93.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CX shares. BNP Paribas lowered CEMEX from an “outperform” rating to a “neutral” rating and set a $4.00 target price on the stock. in a research report on Tuesday, September 20th. Exane BNP Paribas lowered CEMEX from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 20th. Finally, StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.18.

CEMEX Profile

(Get Rating)

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 worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

Featured Stories

Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEMEX, S.A.B. de C.V. (NYSE:CXGet Rating).

Institutional Ownership by Quarter for CEMEX (NYSE:CX)

Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.com's FREE daily email newsletter.