Cemex SAB de CV (CX) Position Lowered by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in shares of Cemex SAB de CV (NYSE:CX) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,332 shares of the construction company’s stock after selling 34,326 shares during the period. Schroder Investment Management Group’s holdings in Cemex SAB de CV were worth $3,776,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Eqis Capital Management Inc. lifted its holdings in Cemex SAB de CV by 235.6% in the second quarter. Eqis Capital Management Inc. now owns 56,562 shares of the construction company’s stock valued at $371,000 after acquiring an additional 39,709 shares during the period. Aperio Group LLC lifted its holdings in Cemex SAB de CV by 13.5% in the second quarter. Aperio Group LLC now owns 589,223 shares of the construction company’s stock valued at $3,865,000 after acquiring an additional 70,202 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Cemex SAB de CV by 13.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 98,755 shares of the construction company’s stock valued at $648,000 after acquiring an additional 11,430 shares during the period. Engineers Gate Manager LP bought a new position in Cemex SAB de CV in the second quarter valued at about $407,000. Finally, River & Mercantile Asset Management LLP lifted its holdings in Cemex SAB de CV by 33.9% in the second quarter. River & Mercantile Asset Management LLP now owns 1,468,826 shares of the construction company’s stock valued at $9,643,000 after acquiring an additional 371,974 shares during the period. 34.25% of the stock is currently owned by institutional investors.

NYSE CX opened at $5.02 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.57 and a current ratio of 0.81. Cemex SAB de CV has a 52 week low of $4.47 and a 52 week high of $8.51. The stock has a market capitalization of $7.27 billion, a PE ratio of 16.07, a P/E/G ratio of 0.59 and a beta of 1.72.

Cemex SAB de CV (NYSE:CX) last posted its quarterly earnings data on Thursday, October 25th. The construction company reported $0.11 EPS for the quarter. Cemex SAB de CV had a return on equity of 4.24% and a net margin of 3.38%. The firm had revenue of $3.75 billion for the quarter. On average, equities analysts predict that Cemex SAB de CV will post 0.5 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Monday, October 15th. UBS Group downgraded Cemex SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, November 14th. ValuEngine downgraded Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a report on Monday, October 22nd. JPMorgan Chase & Co. set a $9.00 price objective on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Monday, September 24th. Finally, Scotiabank downgraded Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 29th. One 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 currently has an average rating of “Hold” and a consensus price target of $8.86.

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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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