NGAM Advisors L.P. boosted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 145,276 shares of the construction company’s stock after buying an additional 21,062 shares during the period. NGAM Advisors L.P.’s holdings in Cemex S.A.B. de C.V. were worth $1,368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock valued at $100,000 after buying an additional 333 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Cemex S.A.B. de C.V. during the first quarter valued at about $100,000. CENTRAL TRUST Co increased its stake in Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock valued at $101,000 after buying an additional 6,583 shares during the period. First Financial Equity Corporation bought a new stake in Cemex S.A.B. de C.V. during the first quarter valued at about $101,000. Finally, Huntington National Bank increased its stake in Cemex S.A.B. de C.V. by 19.0% in the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock valued at $102,000 after buying an additional 1,722 shares during the period. 39.47% of the stock is currently owned by institutional investors.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) opened at 9.26 on Wednesday. The company’s 50-day moving average price is $9.75 and its 200 day moving average price is $8.95. Cemex S.A.B. de C.V. has a 52 week low of $6.91 and a 52 week high of $10.37. The company has a market cap of $138.89 billion, a P/E ratio of 118.72 and a beta of 1.34.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post $0.57 EPS for the current fiscal year.

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CX has been the subject of several recent analyst reports. Bank of America Corporation upgraded Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.10 to $10.60 in a research note on Tuesday, June 20th. BidaskClub upgraded Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Berenberg Bank reiterated a “hold” rating and set a $8.40 price target on shares of Cemex S.A.B. de C.V. in a research note on Thursday, July 27th. Zacks Investment Research downgraded Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, UBS AG upgraded Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Cemex S.A.B. de C.V. currently has a consensus rating of “Buy” and an average target price of $10.60.

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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