Mirae Asset Global Investments Co. Ltd. Sells 3,281 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,164 shares of the construction company’s stock after selling 3,281 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CEMEX were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CX. Creative Financial Designs Inc. ADV bought a new stake in shares of CEMEX during the 4th quarter valued at $26,000. Blue Trust Inc. grew its position in shares of CEMEX by 65.0% during the 4th quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock valued at $41,000 after acquiring an additional 2,062 shares during the period. PNC Financial Services Group Inc. grew its position in shares of CEMEX by 40.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock valued at $55,000 after acquiring an additional 2,454 shares during the period. MQS Management LLC bought a new position in CEMEX in the 3rd quarter worth $70,000. Finally, Euro Pacific Asset Management LLC bought a new position in CEMEX in the 3rd quarter worth $72,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Stock Up 1.1 %

CX opened at $8.27 on Friday. The firm has a 50-day simple moving average of $8.32 and a two-hundred day simple moving average of $7.63. CEMEX, S.A.B. de C.V. has a 52 week low of $5.67 and a 52 week high of $9.27. The company has a market capitalization of $11.98 billion, a PE ratio of 59.07, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.59.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.81%. The company had revenue of $4.24 billion for the quarter. Analysts forecast that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Barclays downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a report on Friday, February 9th. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Bank of America downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Wednesday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CEMEX currently has a consensus rating of “Moderate Buy” and an average price target of $9.53.

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.