GMT Capital Corp reduced its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,381,592 shares of the construction company’s stock after selling 114,400 shares during the quarter. Cemex S.A.B. de C.V. accounts for 2.0% of GMT Capital Corp’s portfolio, making the stock its 13th largest position. GMT Capital Corp owned about 0.71% of Cemex S.A.B. de C.V. worth $94,265,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Neuberger Berman Group LLC acquired a new stake in shares of Cemex S.A.B. de C.V. during the second quarter worth $100,000. Huntington National Bank raised its holdings in shares of Cemex S.A.B. de C.V. by 19.0% during the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after purchasing an additional 1,722 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Cemex S.A.B. de C.V. by 2.9% in the 2nd quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after acquiring an additional 315 shares during the period. Institute for Wealth Management LLC. acquired a new stake in shares of Cemex S.A.B. de C.V. in the 2nd quarter worth about $115,000. Finally, Raymond James Trust N.A. bought a new position in Cemex S.A.B. de C.V. in the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 42.81% of the company’s stock.

Cemex S.A.B. de C.V. (NYSE:CX) traded up $0.03 on Friday, reaching $7.85. 4,836,300 shares of the company’s stock were exchanged, compared to its average volume of 9,757,369. The firm has a market capitalization of $11,463.10, a P/E ratio of 12.28, a P/E/G ratio of 0.89 and a beta of 1.35. Cemex S.A.B. de C.V. has a 1 year low of $7.65 and a 1 year high of $10.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.74 and a quick ratio of 0.54.

Cemex S.A.B. de C.V. (NYSE:CX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a net margin of 8.38% and a return on equity of 8.71%. analysts forecast that Cemex S.A.B. de C.V. will post 0.56 earnings per share for the current fiscal year.

CX has been the subject of several research reports. Citigroup Inc. upgraded shares of Cemex S.A.B. de C.V. from a “sell” rating to a “neutral” rating and set a $9.00 price objective for the company in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. J P Morgan Chase & Co decreased their target price on shares of Cemex S.A.B. de C.V. from $11.20 to $10.60 and set an “overweight” rating for the company in a report on Monday, October 30th. Berenberg Bank reiterated a “hold” rating and issued a $8.40 target price on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. Finally, ValuEngine cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $10.76.

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About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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Institutional Ownership by Quarter for Cemex S.A.B. de C.V. (NYSE:CX)

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