RWC Asset Management LLP Trims Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

RWC Asset Management LLP reduced its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,573,990 shares of the construction company’s stock after selling 73,268 shares during the period. CEMEX makes up approximately 1.7% of RWC Asset Management LLP’s portfolio, making the stock its 20th biggest position. RWC Asset Management LLP owned about 0.25% of CEMEX worth $27,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CX. International Assets Investment Management LLC grew its position in CEMEX by 675.0% in the 4th quarter. International Assets Investment Management LLC now owns 447,766 shares of the construction company’s stock valued at $34,700,000 after acquiring an additional 389,990 shares in the last quarter. American Century Companies Inc. boosted its holdings in CEMEX by 3.4% in the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock valued at $63,341,000 after purchasing an additional 318,541 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in CEMEX in the fourth quarter valued at approximately $2,227,000. Hosking Partners LLP boosted its holdings in CEMEX by 2.4% in the third quarter. Hosking Partners LLP now owns 4,143,236 shares of the construction company’s stock valued at $26,931,000 after purchasing an additional 95,750 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in CEMEX in the third quarter valued at approximately $1,637,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Price Performance

CX stock traded up $0.09 on Friday, reaching $8.27. 4,029,583 shares of the company’s stock were exchanged, compared to its average volume of 6,985,070. The stock has a fifty day moving average of $8.32 and a 200-day moving average of $7.63. CEMEX, S.A.B. de C.V. has a twelve month low of $5.67 and a twelve month high of $9.27. The firm has a market cap of $11.98 billion, a PE ratio of 59.07, a P/E/G 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 announced its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. The business had revenue of $4.24 billion for the quarter. CEMEX had a return on equity of 1.81% and a net margin of 1.28%. As a group, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

CX has been the subject of a number of research reports. Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective for the company. in a research note on Friday, February 9th. Bank of America cut CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday. Finally, StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.