Paloma Partners Management Co Purchases New Holdings in Cemex SAB de CV (CX)

Paloma Partners Management Co bought a new position in Cemex SAB de CV (NYSE:CX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,694 shares of the construction company’s stock, valued at approximately $57,000.

A number of other large investors have also recently added to or reduced their stakes in the business. FDx Advisors Inc. bought a new position in Cemex SAB de CV in the third quarter worth $143,000. Virtu Financial LLC lifted its position in Cemex SAB de CV by 185.2% in the third quarter. Virtu Financial LLC now owns 36,121 shares of the construction company’s stock worth $254,000 after purchasing an additional 23,457 shares during the period. Quantbot Technologies LP bought a new position in Cemex SAB de CV in the third quarter worth $336,000. Blair William & Co. IL bought a new position in Cemex SAB de CV in the third quarter worth $358,000. Finally, AMP Capital Investors Ltd lifted its position in Cemex SAB de CV by 27.3% in the third quarter. AMP Capital Investors Ltd now owns 928,315 shares of the construction company’s stock worth $6,545,000 after purchasing an additional 199,079 shares during the period. 33.40% of the stock is owned by institutional investors and hedge funds.

CX has been the subject of several research reports. Zacks Investment Research cut Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. ValuEngine upgraded Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Barclays set a $7.00 price objective on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Goldman Sachs Group assumed coverage on Cemex SAB de CV in a research note on Wednesday, April 10th. They set a “neutral” rating and a $5.50 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.58.

Cemex SAB de CV stock traded up $0.04 during mid-day trading on Wednesday, hitting $4.82. 7,644,222 shares of the company were exchanged, compared to its average volume of 7,681,691. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.75 and a quick ratio of 0.51. Cemex SAB de CV has a 1-year low of $4.47 and a 1-year high of $7.60. The firm has a market capitalization of $6.96 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.67 and a beta of 1.56.

Cemex SAB de CV (NYSE:CX) last released its quarterly earnings data on Thursday, February 7th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.12). Cemex SAB de CV had a return on equity of 4.86% and a net margin of 3.84%. The company had revenue of $3.45 billion for the quarter. On average, equities research analysts predict that Cemex SAB de CV will post 0.47 EPS for the current fiscal year.

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Cemex SAB de CV Profile

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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