Cemex S.A.B. de C.V. (CX) Stake Lifted by Baillie Gifford & Co.

Baillie Gifford & Co. lifted its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,207,753 shares of the construction company’s stock after acquiring an additional 923,668 shares during the quarter. Baillie Gifford & Co. owned 2.15% of Cemex S.A.B. de C.V. worth $292,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Weatherly Asset Management L. P. increased its stake in shares of Cemex S.A.B. de C.V. by 0.3% during the second quarter. Weatherly Asset Management L. P. now owns 46,503 shares of the construction company’s stock worth $438,000 after acquiring an additional 140 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Cemex S.A.B. de C.V. by 2.9% during the second quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after acquiring an additional 315 shares during the period. American National Insurance Co. TX increased its stake in shares of Cemex S.A.B. de C.V. by 4.0% during the second quarter. American National Insurance Co. TX now owns 17,486 shares of the construction company’s stock worth $165,000 after acquiring an additional 670 shares during the period. Quattro Financial Advisors LLC increased its stake in shares of Cemex S.A.B. de C.V. by 4.0% during the second quarter. Quattro Financial Advisors LLC now owns 19,735 shares of the construction company’s stock worth $186,000 after acquiring an additional 759 shares during the period. Finally, First Allied Advisory Services Inc. increased its stake in shares of Cemex S.A.B. de C.V. by 4.8% during the second quarter. First Allied Advisory Services Inc. now owns 18,812 shares of the construction company’s stock worth $175,000 after acquiring an additional 864 shares during the period. Institutional investors and hedge funds own 39.72% of the company’s stock.

A number of analysts recently commented on the stock. J P Morgan Chase & Co decreased their price objective on shares of Cemex S.A.B. de C.V. from $11.20 to $10.60 and set an “overweight” rating on the stock in a report on Monday. Citigroup Inc. raised shares of Cemex S.A.B. de C.V. from a “sell” rating to a “neutral” rating and set a $9.00 price objective on the stock in a report on Monday, October 23rd. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, Bank of America Corporation downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $10.60 to $10.70 in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $10.59.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its earnings results on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a return on equity of 8.95% and a net margin of 8.38%.

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Cemex S.A.B. de C.V. Profile

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

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