Raymond James & Associates Raises Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Raymond James & Associates increased its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 34.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,017 shares of the construction company’s stock after purchasing an additional 17,615 shares during the quarter. Raymond James & Associates’ holdings in CEMEX were worth $527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in CEMEX by 40.6% during 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. Creative Financial Designs Inc. ADV purchased a new stake in shares of CEMEX in the 4th quarter worth about $26,000. Advisor Partners II LLC grew its stake in CEMEX by 10.1% in the 3rd quarter. Advisor Partners II LLC now owns 41,634 shares of the construction company’s stock valued at $271,000 after acquiring an additional 3,816 shares during the last quarter. Dfpg Investments LLC grew its stake in CEMEX by 6.3% in the 4th quarter. Dfpg Investments LLC now owns 89,640 shares of the construction company’s stock valued at $665,000 after acquiring an additional 5,291 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its holdings in CEMEX by 4.2% during the 3rd quarter. Calamos Wealth Management LLC now owns 150,396 shares of the construction company’s stock valued at $978,000 after acquiring an additional 6,046 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Performance

NYSE:CX opened at $8.18 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market cap of $11.85 billion, a PE ratio of 67.33, a P/E/G ratio of 0.16 and a beta of 1.47. The firm has a 50 day simple moving average of $8.30 and a 200-day simple moving average of $7.61. CEMEX, S.A.B. de C.V. has a 1-year low of $5.67 and a 1-year high of $9.27.

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

Analyst Ratings Changes

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

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.