Eurizon SLJ Capital Ltd Purchases Shares of 130,574 Cemex S.A.B. de C.V. $CX

Eurizon SLJ Capital Ltd purchased a new stake in Cemex S.A.B. de C.V. (NYSE:CX) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 130,574 shares of the construction company’s stock, valued at approximately $1,500,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. increased its holdings in Cemex by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock valued at $31,000 after acquiring an additional 1,744 shares during the last quarter. WealthCollab LLC increased its holdings in Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after acquiring an additional 1,580 shares during the last quarter. Reyes Financial Architecture Inc. bought a new stake in shares of Cemex in the 3rd quarter worth about $36,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cemex by 256.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after buying an additional 3,093 shares during the last quarter. Finally, Militia Capital Partners LP bought a new stake in shares of Cemex in the 2nd quarter worth about $46,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Cemex

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total transaction of $425,600.00. Following the completion of the transaction, the insider directly owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Cemex Price Performance

CX stock opened at $13.12 on Friday. Cemex S.A.B. de C.V. has a 12 month low of $6.63 and a 12 month high of $13.67. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $12.08 and a 200 day moving average price of $11.80. The stock has a market cap of $19.01 billion, a PE ratio of 41.00 and a beta of 1.51.

Cemex (NYSE:CX) last released its quarterly earnings results on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. Equities research analysts anticipate that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.75 target price on shares of Cemex in a report on Friday, April 24th. Barclays restated an “overweight” rating on shares of Cemex in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on shares of Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a report on Tuesday. Finally, Scotiabank boosted their target price on shares of Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a report on Friday, April 10th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.