CEMEX, S.A.B. de C.V. (NYSE:CX – Get Rating) saw unusually large options trading activity on Wednesday. Traders bought 9,865 call options on the stock. This is an increase of 1,034% compared to the average daily volume of 870 call options.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of CEMEX from $5.20 to $5.90 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Redburn Partners began coverage on CEMEX in a report on Thursday, December 8th. They issued a “neutral” rating and a $4.90 price objective for the company. Finally, StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.38.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. FMR LLC raised its stake in CEMEX by 36.7% in the 2nd quarter. FMR LLC now owns 71,539,934 shares of the construction company’s stock valued at $280,437,000 after purchasing an additional 19,187,390 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of CEMEX in the 4th quarter worth $11,559,000. Macquarie Group Ltd. increased its stake in shares of 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 acquiring an additional 2,025,339 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of CEMEX by 255.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,422,759 shares of the construction company’s stock worth $9,497,000 after acquiring an additional 1,741,215 shares during the last quarter. Finally, Hosking Partners LLP increased its stake in shares of CEMEX by 41.3% in the 4th quarter. Hosking Partners LLP now owns 5,289,465 shares of the construction company’s stock worth $21,422,000 after acquiring an additional 1,545,432 shares during the last quarter. 28.74% of the stock is owned by institutional investors and hedge funds.
CEMEX Trading Up 1.1 %
CEMEX Company Profile
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).
- Get a free copy of the StockNews.com research report on CEMEX (CX)
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