Cemex SAB de CV (CX) Shares Bought by Baillie Gifford & Co.

Baillie Gifford & Co. lifted its stake in shares of Cemex SAB de CV (NYSE:CX) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,540,608 shares of the construction company’s stock after buying an additional 840,358 shares during the period. Baillie Gifford & Co. owned about 2.23% of Cemex SAB de CV worth $229,086,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CX. BlackRock Inc. increased its holdings in Cemex SAB de CV by 67.0% in the second quarter. BlackRock Inc. now owns 22,620,760 shares of the construction company’s stock valued at $148,391,000 after purchasing an additional 9,078,815 shares during the period. Brandes Investment Partners LP boosted its position in Cemex SAB de CV by 9.8% during the second quarter. Brandes Investment Partners LP now owns 53,750,845 shares of the construction company’s stock valued at $353,342,000 after acquiring an additional 4,805,568 shares during the last quarter. Hsbc Holdings PLC boosted its position in Cemex SAB de CV by 474.0% during the third quarter. Hsbc Holdings PLC now owns 4,957,386 shares of the construction company’s stock valued at $34,899,000 after acquiring an additional 4,093,729 shares during the last quarter. Global Thematic Partners LLC boosted its position in Cemex SAB de CV by 17.9% during the third quarter. Global Thematic Partners LLC now owns 12,614,126 shares of the construction company’s stock valued at $88,804,000 after acquiring an additional 1,916,542 shares during the last quarter. Finally, Investec Asset Management PTY Ltd bought a new stake in Cemex SAB de CV during the second quarter valued at $10,164,000. Institutional investors own 33.68% of the company’s stock.

A number of analysts have commented on CX shares. HSBC cut shares of Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a research report on Thursday, August 16th. UBS Group cut shares of Cemex SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 14th. JPMorgan Chase & Co. set a $9.00 price target on shares of Cemex SAB de CV and gave the company a “buy” rating in a research report on Monday, September 24th. Scotiabank cut shares of Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 29th. Finally, ValuEngine cut shares of Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.86.

CX stock opened at $5.11 on Friday. The stock has a market cap of $6.80 billion, a PE ratio of 12.46, a P/E/G ratio of 0.55 and a beta of 1.72. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 0.83. Cemex SAB de CV has a 1 year low of $4.47 and a 1 year high of $8.51.

Cemex SAB de CV (NYSE:CX) last released its quarterly earnings data on Thursday, October 25th. The construction company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $3.75 billion for the quarter. Cemex SAB de CV had a net margin of 3.38% and a return on equity of 4.24%. As a group, sell-side analysts expect that Cemex SAB de CV will post 0.5 EPS for the current fiscal year.

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Cemex SAB de CV Company Profile

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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