River & Mercantile Asset Management LLP Grows Position in Cemex SAB de CV (CX)

River & Mercantile Asset Management LLP lifted its position in Cemex SAB de CV (NYSE:CX) by 33.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,468,826 shares of the construction company’s stock after acquiring an additional 371,974 shares during the period. Cemex SAB de CV accounts for approximately 1.0% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 19th biggest holding. River & Mercantile Asset Management LLP’s holdings in Cemex SAB de CV were worth $9,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CX. First Interstate Bank grew its position in Cemex SAB de CV by 96.4% during the 2nd quarter. First Interstate Bank now owns 16,300 shares of the construction company’s stock worth $107,000 after purchasing an additional 8,000 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in Cemex SAB de CV during the 1st quarter worth about $129,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Cemex SAB de CV by 566.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,000 shares of the construction company’s stock worth $131,000 after purchasing an additional 17,000 shares during the period. Stratos Wealth Partners LTD. grew its position in Cemex SAB de CV by 136.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 22,330 shares of the construction company’s stock worth $148,000 after purchasing an additional 12,897 shares during the period. Finally, Holistic Financial Partners grew its position in Cemex SAB de CV by 32.9% during the 1st quarter. Holistic Financial Partners now owns 34,008 shares of the construction company’s stock worth $225,000 after purchasing an additional 8,416 shares during the period. 33.19% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CX opened at $6.99 on Friday. Cemex SAB de CV has a 52 week low of $5.72 and a 52 week high of $9.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 0.73. The stock has a market cap of $10.37 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37.

Cemex SAB de CV (NYSE:CX) last posted its earnings results on Thursday, July 26th. The construction company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. Cemex SAB de CV had a return on equity of 5.47% and a net margin of 4.23%. The firm had revenue of $3.80 billion for the quarter. analysts expect that Cemex SAB de CV will post 0.56 EPS for the current fiscal year.

CX has been the topic of several analyst reports. Zacks Investment Research downgraded Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Longbow Research downgraded Cemex SAB de CV from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Friday, April 27th. ValuEngine downgraded Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. BNP Paribas raised Cemex SAB de CV from a “neutral” rating to an “outperform” rating in a research report on Monday, May 21st. Finally, Exane BNP Paribas downgraded Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.50.

About Cemex SAB de CV

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

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