Cemex S.A.B. de C.V. (CX) Stake Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,701,386 shares of the construction company’s stock after selling 146,088 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cemex S.A.B. de C.V. were worth $16,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Cemex S.A.B. de C.V. during the first quarter worth about $100,000. CENTRAL TRUST Co increased its position in shares of 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 in the last quarter. First Financial Equity Corporation purchased a new position in shares of Cemex S.A.B. de C.V. during the first quarter worth about $101,000. Finally, Huntington National Bank increased its stake in shares of 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 valued at $102,000 after buying an additional 1,722 shares in the last quarter. 39.47% of the stock is owned by institutional investors and hedge funds.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) traded up 0.66% during midday trading on Friday, hitting $9.20. 5,906,586 shares of the company’s stock traded hands. Cemex S.A.B. de C.V. has a 52 week low of $6.91 and a 52 week high of $10.37. The company has a 50 day moving average of $9.75 and a 200 day moving average of $8.96. The stock has a market cap of $137.99 billion, a P/E ratio of 117.95 and a beta of 1.34.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business 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%. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post $0.57 EPS for the current fiscal year.

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Several analysts have recently weighed in on CX shares. Berenberg Bank restated a “hold” rating and set a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. downgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price objective for the company. in a research report on Monday, July 17th. BidaskClub cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.10 to $10.60 in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $10.60.

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

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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