APG Asset Management N.V. Has $18.40 Million Holdings in Cemex S.A.B. de C.V. (CX)

APG Asset Management N.V. grew its position in Cemex S.A.B. de C.V. (NYSE:CX) by 67.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,025,944 shares of the construction company’s stock after acquiring an additional 817,000 shares during the period. APG Asset Management N.V.’s holdings in Cemex S.A.B. de C.V. were worth $18,396,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new position in shares of Cemex S.A.B. de C.V. during the 2nd quarter worth about $100,000. Huntington National Bank raised its position in shares of Cemex S.A.B. de C.V. by 19.0% during the 2nd 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 last quarter. JFS Wealth Advisors LLC raised its position in shares of Cemex S.A.B. de C.V. by 2.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after purchasing an additional 315 shares during the last quarter. Institute for Wealth Management LLC. acquired a new position in shares of Cemex S.A.B. de C.V. during the 2nd quarter worth about $115,000. Finally, James Investment Research Inc. raised its position in shares of Cemex S.A.B. de C.V. by 55.6% during the 2nd quarter. James Investment Research Inc. now owns 16,335 shares of the construction company’s stock worth $154,000 after purchasing an additional 5,835 shares during the last quarter. Institutional investors and hedge funds own 39.72% of the company’s stock.

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Shares of Cemex S.A.B. de C.V. (NYSE:CX) opened at 8.11 on Wednesday. The firm has a 50-day moving average of $8.64 and a 200-day moving average of $9.04. The firm has a market cap of $12.16 billion, a P/E ratio of 11.26 and a beta of 1.31. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a return on equity of 8.95% and a net margin of 8.38%. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post $0.54 earnings per share for the current fiscal year.

Several research firms recently weighed in on CX. Berenberg Bank restated a “hold” rating and set a $8.40 price target on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. J P Morgan Chase & Co reduced their price target 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 research report on Monday. 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 target for the company in a research report on Monday, October 23rd. BidaskClub downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, ValuEngine downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.59.

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

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

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