Chesapeake Capital Corp IL Takes Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Chesapeake Capital Corp IL bought a new stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CXFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,453 shares of the construction company’s stock, valued at approximately $368,000.

Several other hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC raised its position in CEMEX by 10.3% in the 4th quarter. Ballentine Partners LLC now owns 19,769 shares of the construction company’s stock worth $153,000 after purchasing an additional 1,839 shares during the period. Blue Trust Inc. raised its position in CEMEX by 65.0% in the 4th quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,062 shares during the period. D Orazio & Associates Inc. raised its position in CEMEX by 20.7% in the 4th quarter. D Orazio & Associates Inc. now owns 13,529 shares of the construction company’s stock worth $105,000 after purchasing an additional 2,321 shares during the period. PNC Financial Services Group Inc. raised its position in CEMEX by 40.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after purchasing an additional 2,454 shares during the period. Finally, Spire Wealth Management raised its position in CEMEX by 3.9% in the 4th quarter. Spire Wealth Management now owns 67,406 shares of the construction company’s stock worth $503,000 after purchasing an additional 2,500 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Trading Up 0.3 %

CX stock traded up $0.02 during mid-day trading on Monday, reaching $7.61. The company had a trading volume of 1,860,600 shares, compared to its average volume of 6,351,267. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.51. The firm has a 50 day moving average of $8.28 and a 200 day moving average of $7.87. CEMEX, S.A.B. de C.V. has a 12 month low of $5.67 and a 12 month high of $9.27. The company has a market capitalization of $11.03 billion, a PE ratio of 54.36 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CX shares. The Goldman Sachs Group increased their price objective on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, April 24th. Royal Bank of Canada started coverage on shares of CEMEX in a research report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 price objective on the stock. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.46.

Check Out Our Latest Stock Analysis on CEMEX

CEMEX Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CEMEX (NYSE:CX)

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