Russell Investments Group Ltd. Has $20.30 Million Stake in Cemex SAB de CV (NYSE:CX)

Russell Investments Group Ltd. trimmed its holdings in Cemex SAB de CV (NYSE:CX) by 30.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,169,027 shares of the construction company’s stock after selling 2,288,305 shares during the period. Russell Investments Group Ltd.’s holdings in Cemex SAB de CV were worth $20,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Virtus ETF Advisers LLC acquired a new position in Cemex SAB de CV during the second quarter valued at approximately $26,000. Golden State Wealth Management LLC raised its position in Cemex SAB de CV by 121.9% during the second quarter. Golden State Wealth Management LLC now owns 7,281 shares of the construction company’s stock valued at $30,000 after purchasing an additional 4,000 shares in the last quarter. Howard Financial Services LTD. acquired a new position in Cemex SAB de CV during the third quarter valued at approximately $42,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Cemex SAB de CV during the third quarter valued at approximately $47,000. Finally, Wealth Architects LLC acquired a new position in Cemex SAB de CV during the third quarter valued at approximately $48,000. Institutional investors own 30.33% of the company’s stock.

Several brokerages have commented on CX. Zacks Investment Research downgraded shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Thursday. Santander downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. ValuEngine upgraded shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, HSBC downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Cemex SAB de CV presently has an average rating of “Hold” and an average target price of $6.00.

Shares of NYSE CX traded down $0.05 during midday trading on Friday, reaching $3.83. 2,760,159 shares of the company were exchanged, compared to its average volume of 7,271,275. The stock’s 50-day moving average price is $3.95 and its 200-day moving average price is $3.96. The stock has a market cap of $5.81 billion, a P/E ratio of 10.94, a PEG ratio of 0.81 and a beta of 1.44. Cemex SAB de CV has a one year low of $2.82 and a one year high of $5.63. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 0.79.

Cemex SAB de CV (NYSE:CX) last posted its earnings results on Thursday, October 24th. The construction company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $3.49 billion for the quarter. Cemex SAB de CV had a return on equity of 1.78% and a net margin of 2.51%. On average, equities research analysts anticipate that Cemex SAB de CV will post 0.31 EPS for the current year.

About Cemex SAB de CV

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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Institutional Ownership by Quarter for Cemex SAB de CV (NYSE:CX)

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