Massachusetts Financial Services Co. MA Buys New Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Massachusetts Financial Services Co. MA bought a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CXFree Report) in the third quarter, HoldingsChannel.com reports. The firm bought 166,598 shares of the construction company’s stock, valued at approximately $1,083,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC raised its position in shares of CEMEX by 8.1% in the 1st quarter. HighTower Advisors LLC now owns 255,170 shares of the construction company’s stock worth $1,349,000 after acquiring an additional 19,051 shares in the last quarter. Private Advisor Group LLC grew its stake in CEMEX by 164.4% in the first quarter. Private Advisor Group LLC now owns 38,153 shares of the construction company’s stock valued at $202,000 after purchasing an additional 23,725 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in CEMEX by 58.4% in the first quarter. PNC Financial Services Group Inc. now owns 15,387 shares of the construction company’s stock worth $80,000 after purchasing an additional 5,676 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of CEMEX by 23.6% during the first quarter. Natixis Advisors L.P. now owns 278,056 shares of the construction company’s stock valued at $1,471,000 after buying an additional 53,124 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CEMEX by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,277,600 shares of the construction company’s stock valued at $43,789,000 after buying an additional 270,749 shares in the last quarter. Institutional investors own 31.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CX. Bank of America raised shares of CEMEX from a “neutral” rating to a “buy” rating and increased their target price for the company from $8.20 to $9.00 in a research report on Tuesday, January 9th. Citigroup reiterated a “buy” rating and set a $8.20 price objective on shares of CEMEX in a report on Thursday, November 2nd. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a research note on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.37.

View Our Latest Analysis on CX

CEMEX Price Performance

Shares of CX opened at $7.79 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.89 and a quick ratio of 0.58. The company’s fifty day moving average price is $7.81 and its 200-day moving average price is $7.28. CEMEX, S.A.B. de C.V. has a 1-year low of $4.72 and a 1-year high of $8.81. The firm has a market capitalization of $11.29 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 0.51 and a beta of 1.47.

About CEMEX

(Free Report)

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 worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.

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Institutional Ownership by Quarter for CEMEX (NYSE:CX)

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