Cetera Investment Advisers Boosts Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Cetera Investment Advisers raised its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 8.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,652 shares of the construction company’s stock after purchasing an additional 2,452 shares during the period. Cetera Investment Advisers’ holdings in CEMEX were worth $179,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CX. Dodge & Cox grew its position in shares of CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock worth $279,868,000 after buying an additional 48,942,309 shares during the last quarter. Schroder Investment Management Group grew its position in shares of CEMEX by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock worth $150,809,000 after buying an additional 23,576,914 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of CEMEX by 33.7% in the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock worth $136,679,000 after buying an additional 6,110,857 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of CEMEX in the 4th quarter worth approximately $86,056,000. Finally, RWC Asset Advisors US LLC grew its position in shares of CEMEX by 6.4% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company’s stock worth $67,903,000 after buying an additional 719,735 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

Shares of NYSE CX opened at $6.83 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $7.37. The company has a 50 day simple moving average of $6.06 and a two-hundred day simple moving average of $5.95. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 10.84 and a beta of 1.41.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The business had revenue of $186.46 million during the quarter, compared to analysts’ expectations of $214.59 million. As a group, analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CX has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of CEMEX from $5.00 to $5.25 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. Wall Street Zen raised shares of CEMEX from a “hold” rating to a “buy” rating in a research report on Saturday, May 3rd. Morgan Stanley downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. boosted their target price on shares of CEMEX from $6.00 to $6.80 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.58.

About CEMEX

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.