Alterna Wealth Management Inc. Decreases Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Alterna Wealth Management Inc. cut its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,850 shares of the construction company’s stock after selling 5,236 shares during the quarter. Alterna Wealth Management Inc.’s holdings in CEMEX were worth $797,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new position in CEMEX in the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its position in shares of CEMEX by 65.0% in the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock valued at $41,000 after purchasing an additional 2,062 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of CEMEX by 40.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock valued at $55,000 after purchasing an additional 2,454 shares during the period. MQS Management LLC purchased a new stake in CEMEX during the 3rd quarter worth about $70,000. Finally, Euro Pacific Asset Management LLC bought a new position in CEMEX in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Trading Up 2.3 %

Shares of NYSE CX traded up $0.18 during trading hours on Friday, hitting $8.00. The company’s stock had a trading volume of 3,746,232 shares, compared to its average volume of 6,276,776. The business has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $7.70. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 57.14, a P/E/G ratio of 0.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. CEMEX, S.A.B. de C.V. has a 12 month low of $5.67 and a 12 month high of $9.27.

CEMEX (NYSE:CX) last released its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The business had revenue of $4.14 billion for the quarter. During the same quarter last year, the firm earned $0.15 EPS. On average, analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, April 26th. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Bank of America lowered CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Wednesday, April 24th. Finally, Barclays downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price on the stock. in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.53.

CEMEX Profile

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.