Legacy Wealth Asset Management LLC Has $704,000 Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Legacy Wealth Asset Management LLC trimmed its position in CEMEX, S.A.B. de C.V. (NYSE:CXFree Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,834 shares of the construction company’s stock after selling 3,869 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in CEMEX were worth $704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its position in shares of CEMEX by 3.4% during the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock worth $63,341,000 after purchasing an additional 318,541 shares in the last quarter. Hosking Partners LLP increased its holdings in shares of CEMEX by 2.4% in the third quarter. Hosking Partners LLP now owns 4,143,236 shares of the construction company’s stock worth $26,931,000 after acquiring an additional 95,750 shares in the last quarter. Citigroup Inc. raised its position in shares of CEMEX by 41.2% during the third quarter. Citigroup Inc. now owns 122,817 shares of the construction company’s stock worth $798,000 after purchasing an additional 35,838 shares during the period. Quantbot Technologies LP lifted its holdings in shares of CEMEX by 1,176.6% during the 3rd quarter. Quantbot Technologies LP now owns 433,416 shares of the construction company’s stock valued at $2,817,000 after purchasing an additional 399,464 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of CEMEX in the 3rd quarter valued at approximately $2,696,000. 31.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CX shares. Bank of America upgraded shares of CEMEX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.20 to $9.00 in a report on Tuesday, January 9th. StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. Finally, Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.37.

Get Our Latest Stock Report on CX

CEMEX Stock Down 0.8 %

Shares of NYSE:CX traded down $0.07 during trading on Tuesday, hitting $8.24. 750,722 shares of the company were exchanged, compared to its average volume of 5,938,060. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 69.29, a P/E/G ratio of 0.56 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a fifty-two week low of $4.80 and a fifty-two week high of $8.81. The firm has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $7.28. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

CEMEX (NYSE:CXGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. The business had revenue of $4.24 billion during the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. As a group, research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.94 earnings per share for the current fiscal year.

CEMEX Profile

(Free Report)

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.

Featured Stories

Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEMEX, S.A.B. de C.V. (NYSE:CXFree Report).

Institutional Ownership by Quarter for CEMEX (NYSE:CX)

Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.com's FREE daily email newsletter.