Cemex SAB de CV (NYSE:CX) was the target of unusually large options trading on Thursday. Traders purchased 3,813 put options on the company. This is an increase of 1,633% compared to the typical volume of 220 put options.

A number of large investors have recently added to or reduced their stakes in CX. Hosking Partners LLP boosted its holdings in shares of Cemex SAB de CV by 1.1% in the 2nd quarter. Hosking Partners LLP now owns 7,115,112 shares of the construction company’s stock valued at $67,024,000 after buying an additional 78,818 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Cemex SAB de CV in the 2nd quarter valued at approximately $835,000. Legal & General Group Plc boosted its holdings in shares of Cemex SAB de CV by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 767,845 shares of the construction company’s stock valued at $7,236,000 after buying an additional 40,443 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cemex SAB de CV by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,553,703 shares of the construction company’s stock valued at $14,092,000 after buying an additional 77,948 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Cemex SAB de CV by 34.4% in the 2nd quarter. American Century Companies Inc. now owns 1,760,292 shares of the construction company’s stock valued at $16,582,000 after buying an additional 450,400 shares during the last quarter. 40.42% of the stock is owned by hedge funds and other institutional investors.

Cemex SAB de CV (CX) opened at $7.51 on Friday. Cemex SAB de CV has a 12-month low of $7.41 and a 12-month high of $10.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 0.74. The firm has a market capitalization of $11,083.43, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32.

Cemex SAB de CV (NYSE:CX) last released its quarterly 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 return on equity of 8.71% and a net margin of 8.38%. sell-side analysts expect that Cemex SAB de CV will post 0.56 earnings per share for the current year.

A number of analysts recently issued reports on CX shares. Bank of America cut Cemex SAB de CV from a “buy” rating to a “neutral” rating and increased their target price for the stock from $10.60 to $10.70 in a research note on Tuesday, August 29th. Zacks Investment Research cut Cemex SAB de CV from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Citigroup raised Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 price target for the company in a research report on Monday, October 23rd. J P Morgan Chase & Co reduced their price target on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a research report on Monday, October 30th. Finally, ValuEngine downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Cemex SAB de CV currently has a consensus rating of “Buy” and a consensus price target of $10.76.

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About Cemex SAB de CV

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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