Investors Purchase High Volume of Cemex SAB de CV Call Options (CX)

Cemex SAB de CV (NYSE:CX) was the target of some unusual options trading on Thursday. Stock traders purchased 10,355 call options on the stock. This is an increase of 884% compared to the average volume of 1,052 call options.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AMP Capital Investors Ltd raised its stake in Cemex SAB de CV by 20.5% during the 3rd quarter. AMP Capital Investors Ltd now owns 835,865 shares of the construction company’s stock valued at $7,589,000 after buying an additional 142,286 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Cemex SAB de CV by 6.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 244,729 shares of the construction company’s stock valued at $2,221,000 after buying an additional 15,313 shares during the last quarter. Financial Counselors Inc. raised its stake in Cemex SAB de CV by 57.0% during the 3rd quarter. Financial Counselors Inc. now owns 42,260 shares of the construction company’s stock valued at $384,000 after buying an additional 15,350 shares during the last quarter. Stifel Financial Corp raised its stake in Cemex SAB de CV by 27.6% during the 3rd quarter. Stifel Financial Corp now owns 175,261 shares of the construction company’s stock valued at $1,603,000 after buying an additional 37,864 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cemex SAB de CV by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 29,454,875 shares of the construction company’s stock valued at $267,426,000 after buying an additional 1,063,387 shares during the last quarter. Institutional investors and hedge funds own 40.44% of the company’s stock.

Shares of Cemex SAB de CV (NYSE CX) opened at $7.39 on Friday. The firm has a market cap of $10,680.00, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 0.74. Cemex SAB de CV has a 12 month low of $7.09 and a 12 month high of $10.37.

Cemex SAB de CV (NYSE:CX) last announced its earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. equities research analysts predict that Cemex SAB de CV will post 0.52 earnings per share for the current year.

Several equities analysts recently issued reports on CX shares. Citigroup raised Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research report on Monday, October 23rd. Zacks Investment Research cut Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. ValuEngine cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. J P Morgan Chase & Co lowered their price objective on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Finally, Bank of America cut Cemex SAB de CV from a “buy” rating to a “neutral” rating and upped their price objective for the company from $10.60 to $10.70 in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Cemex SAB de CV currently has an average rating of “Buy” and an average price target of $10.76.

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Cemex SAB de CV Company 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.

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