Hosking Partners LLP Cuts Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Hosking Partners LLP trimmed its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,130,644 shares of the construction company’s stock after selling 320,747 shares during the period. Hosking Partners LLP’s holdings in CEMEX were worth $28,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares during the period. Barclays PLC grew its holdings in CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after buying an additional 1,843 shares in the last quarter. Allworth Financial LP boosted its holdings in CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the last quarter. Aureus Asset Management LLC purchased a new stake in CEMEX in the third quarter valued at $70,000. Finally, Holistic Financial Partners lifted its holdings in shares of CEMEX by 25.0% in the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after acquiring an additional 2,787 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

CX has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.82.

CEMEX Stock Performance

NYSE CX opened at $6.31 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The business has a fifty day moving average of $5.97 and a 200-day moving average of $5.91. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 10.01 and a beta of 1.49.

CEMEX (NYSE:CX) last released its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.