CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Moore Capital Management LP

Moore Capital Management LP boosted its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX – Get Rating) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 995,000 shares of the construction company’s stock after purchasing an additional 90,000 shares during the quarter. Moore Capital Management LP owned approximately 0.07% of CEMEX worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CX. FNY Investment Advisers LLC raised its position in shares of CEMEX by 1,870.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 9,854 shares of the construction company’s stock worth $33,000 after purchasing an additional 9,354 shares during the period. Capstone Financial Advisors Inc. acquired a new stake in CEMEX in the second quarter worth $39,000. Atria Wealth Solutions Inc. bought a new stake in CEMEX in the second quarter valued at $40,000. 360 Financial Inc. acquired a new position in shares of CEMEX during the third quarter valued at $43,000. Finally, Newfoundland Capital Management bought a new position in shares of CEMEX during the third quarter worth about $43,000. Institutional investors own 28.74% of the company’s stock.

Analysts Set New Price Targets

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

CEMEX Price Performance

NYSE CX opened at $5.23 on Friday. CEMEX, S.A.B. de C.V. has a 12 month low of $3.20 and a 12 month high of $5.71. The firm has a market capitalization of $7.58 billion, a PE ratio of 8.86, a P/E/G ratio of 0.56 and a beta of 1.40. The company’s 50 day simple moving average is $5.04 and its 200 day simple moving average is $4.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.52.

CEMEX Company 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).