Cemex SAB de CV (NYSE:CX) was the target of unusually large options trading on Thursday. Traders acquired 10,355 call options on the stock. This represents an increase of 884% compared to the average daily volume of 1,052 call options.

Institutional investors and hedge funds have recently modified their holdings of the company. Hosking Partners LLP raised its holdings in shares of Cemex SAB de CV by 1.1% during the 2nd quarter. Hosking Partners LLP now owns 7,115,112 shares of the construction company’s stock worth $67,024,000 after acquiring an additional 78,818 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Cemex SAB de CV during the 2nd quarter worth approximately $835,000. Legal & General Group Plc raised its holdings in shares of Cemex SAB de CV by 5.6% during the 2nd quarter. Legal & General Group Plc now owns 767,845 shares of the construction company’s stock worth $7,236,000 after acquiring an additional 40,443 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cemex SAB de CV by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,553,703 shares of the construction company’s stock worth $14,092,000 after acquiring an additional 77,948 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Cemex SAB de CV by 34.4% during the 2nd quarter. American Century Companies Inc. now owns 1,760,292 shares of the construction company’s stock worth $16,582,000 after acquiring an additional 450,400 shares in the last quarter. 40.44% of the stock is currently owned by institutional investors and hedge funds.

CX has been the subject of several recent analyst reports. Citigroup upgraded Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 price target for the company in a research note on Monday, October 23rd. Zacks Investment Research downgraded Cemex SAB de CV from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. J P Morgan Chase & Co dropped their price target on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a research note on Monday, October 30th. ValuEngine downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Bank of America downgraded Cemex SAB de CV from a “buy” rating to a “neutral” rating and upped their price target for the stock from $10.60 to $10.70 in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Cemex SAB de CV has an average rating of “Buy” and an average price target of $10.76.

Cemex SAB de CV (NYSE:CX) opened at $7.48 on Tuesday. The firm has a market capitalization of $10,791.38, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. Cemex SAB de CV has a 52 week low of $7.09 and a 52 week high of $10.37. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 0.88.

Cemex SAB de CV (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 Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a return on equity of 8.71% and a net margin of 8.38%. equities analysts anticipate that Cemex SAB de CV will post 0.52 earnings per share for the current fiscal year.

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Cemex SAB de CV Company Profile

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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