Nuveen Asset Management LLC Buys New Stake in Cemex SAB de CV (CX)

Nuveen Asset Management LLC bought a new stake in Cemex SAB de CV (NYSE:CX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,443 shares of the construction company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in Cemex SAB de CV by 4.7% during the fourth quarter. Baillie Gifford & Co. now owns 34,061,771 shares of the construction company’s stock worth $164,177,000 after buying an additional 1,521,163 shares during the last quarter. Nomura Holdings Inc. bought a new position in Cemex SAB de CV during the fourth quarter worth about $96,000. Geode Capital Management LLC bought a new position in Cemex SAB de CV during the fourth quarter worth about $193,000. United Services Automobile Association boosted its holdings in Cemex SAB de CV by 20.5% during the fourth quarter. United Services Automobile Association now owns 908,722 shares of the construction company’s stock worth $4,380,000 after buying an additional 154,637 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in Cemex SAB de CV by 47.5% during the fourth quarter. Commonwealth Bank of Australia now owns 440,000 shares of the construction company’s stock worth $2,118,000 after buying an additional 141,600 shares during the last quarter. Institutional investors own 33.40% of the company’s stock.

Cemex SAB de CV stock traded up $0.04 during midday trading on Wednesday, reaching $4.82. The stock had a trading volume of 7,644,222 shares, compared to its average volume of 7,681,691. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.51 and a current ratio of 0.75. 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 cap of $6.96 billion, a PE 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 results on Thursday, February 7th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.12). Cemex SAB de CV had a net margin of 3.84% and a return on equity of 4.86%. The firm had revenue of $3.45 billion during the quarter. As a group, equities research analysts predict that Cemex SAB de CV will post 0.47 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine upgraded Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Barclays set a $7.00 target price on Cemex SAB de CV and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Goldman Sachs Group began coverage on Cemex SAB de CV in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $5.50 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.58.

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Cemex SAB de CV Company 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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