130,574 Shares in Cemex S.A.B. de C.V. $CX Purchased by Eurizon SLJ Capital Ltd

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

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in Cemex by 334.7% in the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after buying an additional 7,075 shares during the period. Goldman Sachs Group Inc. boosted its position in Cemex by 58.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock valued at $40,320,000 after buying an additional 2,661,030 shares during the period. Cetera Investment Advisers boosted its position in Cemex by 53.2% in the 2nd quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock valued at $397,000 after buying an additional 19,878 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Cemex by 256.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after buying an additional 3,093 shares during the period. Finally, Invesco Ltd. boosted its position in Cemex by 57.1% in the 2nd quarter. Invesco Ltd. now owns 50,480 shares of the construction company’s stock valued at $350,000 after buying an additional 18,348 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CX has been the subject of several research reports. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Monday, March 23rd. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. HSBC cut shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a research report on Friday, February 6th. Scotiabank boosted their price objective on shares of Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.77.

Cemex Price Performance

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

Cemex (NYSE:CX) last announced its quarterly earnings results 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%. Equities analysts predict that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

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.