Hodges Capital Management Inc. Has $2.35 Million Position in Cemex S.A.B. de C.V. (NYSE:CX)

Hodges Capital Management Inc. decreased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 49.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,933 shares of the construction company’s stock after selling 246,192 shares during the period. Hodges Capital Management Inc.’s holdings in Cemex S.A.B. de C.V. were worth $2,345,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CX. Huntington National Bank raised its stake in Cemex S.A.B. de C.V. by 19.0% in the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after buying an additional 1,722 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Cemex S.A.B. de C.V. during the first quarter worth $100,000. Bronfman E.L. Rothschild L.P. raised its stake in Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock worth $100,000 after buying an additional 333 shares during the last quarter. CENTRAL TRUST Co raised its stake in Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock worth $101,000 after buying an additional 6,583 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in Cemex S.A.B. de C.V. by 2.9% in the second quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 39.47% of the company’s stock.

Cemex S.A.B. de C.V. (CX) traded up 0.66% during midday trading on Friday, hitting $9.20. The stock had a trading volume of 5,906,586 shares. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37. The company has a market cap of $137.99 billion, a price-to-earnings ratio of 119.48 and a beta of 1.34. The company has a 50-day moving average price of $9.75 and a 200-day moving average price of $8.96.

Cemex S.A.B. de C.V. (NYSE:CX) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. Equities analysts anticipate that Cemex S.A.B. de C.V. will post $0.57 EPS for the current year.

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A number of research firms recently weighed in on CX. UBS AG upgraded shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Berenberg Bank reaffirmed a “hold” rating and issued a $8.40 price target on shares of Cemex S.A.B. de C.V. in a report on Thursday, July 27th. BidaskClub downgraded Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Citigroup Inc. downgraded Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price target for the company. in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $10.60.

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