Renaissance Technologies LLC Sells 3,775,200 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Renaissance Technologies LLC lessened its position in CEMEX, S.A.B. de C.V. (NYSE:CX – Get Rating) by 60.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,517,393 shares of the construction company’s stock after selling 3,775,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of CEMEX worth $8,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of CEMEX by 36.7% in the 2nd quarter. FMR LLC now owns 71,539,934 shares of the construction company’s stock worth $280,437,000 after buying an additional 19,187,390 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of CEMEX by 3.2% in the third quarter. Brandes Investment Partners LP now owns 35,265,806 shares of the construction company’s stock worth $120,962,000 after acquiring an additional 1,097,302 shares during the last quarter. RWC Asset Advisors US LLC increased its holdings in shares of CEMEX by 1.9% during the second quarter. RWC Asset Advisors US LLC now owns 19,699,665 shares of the construction company’s stock valued at $77,223,000 after acquiring an additional 366,328 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CEMEX by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,218,549 shares of the construction company’s stock worth $31,619,000 after purchasing an additional 673,095 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in CEMEX by 58.5% in the 2nd quarter. Macquarie Group Ltd. now owns 5,486,317 shares of the construction company’s stock worth $21,506,000 after purchasing an additional 2,025,339 shares in the last quarter. 28.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CX. StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 16th. The Goldman Sachs Group upped their price objective on CEMEX from $5.20 to $5.90 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Finally, Redburn Partners initiated coverage on CEMEX in a research note on Thursday, December 8th. They set a “neutral” rating and a $4.90 target price on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, CEMEX currently has an average rating of “Hold” and an average target price of $5.38.

CEMEX Stock Down 4.1 %

Shares of CEMEX stock opened at $5.32 on Wednesday. CEMEX, S.A.B. de C.V. has a twelve month low of $3.20 and a twelve month high of $5.71. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $4.97 and its 200 day moving average is $4.30. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40.

CEMEX Profile

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CEMEX SAB de CV operates as a global construction materials company. It offers cement, ready-mixconcrete, aggregates, and urbanization solutions. The firm operates through the following geographical segments: Mexico, United States, Europe, Middle East, Africa and Asia (EMEAA) and South, Central America and the Caribbean (SCA&C).