BNP Paribas Financial Markets Has $47.53 Million Stock Position in Cemex S.A.B. de C.V. $CX

BNP Paribas Financial Markets boosted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,136,409 shares of the construction company’s stock after buying an additional 124,420 shares during the period. BNP Paribas Financial Markets owned approximately 0.29% of Cemex worth $47,527,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CX. Eurizon SLJ Capital Ltd bought a new position in shares of Cemex during the fourth quarter worth approximately $1,500,000. Savant Capital LLC increased its stake in shares of Cemex by 7.5% during the fourth quarter. Savant Capital LLC now owns 20,356 shares of the construction company’s stock worth $234,000 after purchasing an additional 1,422 shares during the period. Thoroughbred Financial Services LLC bought a new position in Cemex during the fourth quarter worth about $123,000. Employees Retirement System of Texas increased its position in Cemex by 130.0% during the fourth quarter. Employees Retirement System of Texas now owns 453,092 shares of the construction company’s stock worth $5,206,000 after acquiring an additional 256,133 shares during the period. Finally, Legal & General Group Plc increased its position in Cemex by 25.1% during the fourth quarter. Legal & General Group Plc now owns 828,479 shares of the construction company’s stock worth $9,515,000 after acquiring an additional 166,397 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the transaction, the insider owned 846,010 shares in the company, valued at $10,287,481.60. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Cemex Trading Down 0.0%

CX opened at $13.10 on Wednesday. Cemex S.A.B. de C.V. has a twelve month low of $6.63 and a twelve month high of $13.67. The company has a 50-day simple moving average of $12.13 and a 200 day simple moving average of $11.83. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 40.92 and a beta of 1.51.

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

Analyst Ratings Changes

A number of research firms recently commented on CX. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.75 price target on shares of Cemex in a research report on Friday, April 24th. Scotiabank raised their price target on shares of Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Zacks Research lowered shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.77.

Cemex Company Profile

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.