Cemex S.A.B. de C.V. (NYSE:CX) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 31,355,675 shares, a growth of 20.7% from the June 15th total of 25,985,478 shares. Based on an average daily trading volume, of 12,961,443 shares, the short-interest ratio is presently 2.4 days.

Several hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth about $100,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock worth $100,000 after buying an additional 333 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock worth $101,000 after buying an additional 6,583 shares in the last quarter. First Financial Equity Corporation bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth about $101,000. Finally, Teza Capital Management LLC bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter worth about $112,000. 38.83% of the stock is owned by hedge funds and other institutional investors.

CX has been the subject of a number of research reports. Morgan Stanley raised shares of Cemex S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $8.50 to $11.00 in a research note on Tuesday, April 4th. Zacks Investment Research raised shares of Cemex S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Thursday, April 6th. Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.10 to $10.60 in a research note on Tuesday, June 20th. Longbow Research raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, March 31st. Finally, BidaskClub raised shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and four have given a strong buy rating to the company’s stock. Cemex S.A.B. de C.V. has a consensus rating of “Buy” and an average price target of $10.62.

Cemex S.A.B. de C.V. (NYSE CX) opened at 10.04 on Tuesday. The company has a market capitalization of $146.61 billion, a price-to-earnings ratio of 141.41 and a beta of 1.34. The firm has a 50-day moving average of $8.85 and a 200 day moving average of $8.53. Cemex S.A.B. de C.V. has a one year low of $6.44 and a one year high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last issued its earnings results on Thursday, April 27th. The construction company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.09. The firm had revenue of $3.14 billion during the quarter. Cemex S.A.B. de C.V. had a net margin of 7.66% and a return on equity of 8.54%. Equities research analysts predict that Cemex S.A.B. de C.V. will post $0.54 earnings per share for the current fiscal year.

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