Russell Investments Group Ltd. Sells 415,953 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Russell Investments Group Ltd. decreased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,401,412 shares of the construction company’s stock after selling 415,953 shares during the period. Russell Investments Group Ltd. owned approximately 0.37% of CEMEX worth $42,063,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of CEMEX by 0.3% during the third quarter. Principal Financial Group Inc. now owns 19,312,861 shares of the construction company’s stock valued at $125,534,000 after buying an additional 61,954 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of CEMEX by 41.4% in the 3rd quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock worth $122,996,000 after acquiring an additional 5,542,723 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CEMEX by 3.4% in the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock valued at $63,341,000 after purchasing an additional 318,541 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of CEMEX by 35.5% during the third quarter. AQR Capital Management LLC now owns 9,684,043 shares of the construction company’s stock valued at $62,946,000 after purchasing an additional 2,535,112 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in CEMEX by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,764,242 shares of the construction company’s stock worth $56,968,000 after purchasing an additional 373,246 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

CEMEX Stock Performance

NYSE:CX opened at $8.11 on Tuesday. The stock has a market cap of $11.74 billion, a P/E ratio of 57.89, a PEG ratio of 0.17 and a beta of 1.47. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $8.33 and its two-hundred day moving average price is $7.66. CEMEX, S.A.B. de C.V. has a twelve month low of $5.67 and a twelve month high of $9.27.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. The company had revenue of $4.24 billion during the quarter. As a group, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CX has been the subject of several analyst reports. Barclays lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective for the company. in a research note on Friday, February 9th. StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday. Bank of America cut CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their target price on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.53.

CEMEX Profile

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 and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.