Raymond James & Associates Purchases 17,615 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Raymond James & Associates lifted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,017 shares of the construction company’s stock after buying an additional 17,615 shares during the period. Raymond James & Associates’ holdings in CEMEX were worth $527,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its position in shares of CEMEX by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,764,242 shares of the construction company’s stock worth $56,968,000 after purchasing an additional 373,246 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in CEMEX in the third quarter valued at about $95,000. Calamos Wealth Management LLC boosted its holdings in CEMEX by 4.2% in the third quarter. Calamos Wealth Management LLC now owns 150,396 shares of the construction company’s stock worth $978,000 after acquiring an additional 6,046 shares in the last quarter. RWC Asset Advisors US LLC grew its stake in shares of CEMEX by 8.4% during the third quarter. RWC Asset Advisors US LLC now owns 8,615,365 shares of the construction company’s stock worth $56,000,000 after acquiring an additional 668,425 shares during the last quarter. Finally, RWC Asset Management LLP increased its holdings in shares of CEMEX by 16.0% during the third quarter. RWC Asset Management LLP now owns 3,647,258 shares of the construction company’s stock valued at $23,707,000 after acquiring an additional 502,233 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

CEMEX Stock Up 0.7 %

CX stock opened at $8.18 on Friday. The company has a market capitalization of $11.85 billion, a P/E ratio of 67.33, a price-to-earnings-growth ratio of 0.16 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 12 month low of $5.67 and a 12 month high of $9.27. The firm’s fifty day simple moving average is $8.30 and its 200-day simple moving average is $7.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.74 and a quick ratio of 0.47.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. The business had revenue of $4.24 billion during the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. As a group, equities research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

CX has been the subject of a number of recent analyst reports. Barclays cut shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a research note on Friday, February 9th. StockNews.com downgraded shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. Finally, Bank of America downgraded CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CEMEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.37.

CEMEX Company 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.