The Cemex S.A.B. de C.V. (CX) Stake Boosted by GFS Advisors LLC, Report finds

The Cemex S.A.B. de C.V. (CX) Stake Boosted by GFS Advisors LLC, Report finds

Other large investors have also bought and sold shares of the company. Wetherby Asset Management Inc. increased its stake in Cemex S.A.B. de C.V. by 1.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 30,603 shares of the company’s stock worth $245,000 after buying an additional 365 shares in the last quarter. Comerica Bank increased its stake in Cemex S.A.B. de C.V. by 3.7% in the fourth quarter. Comerica Bank now owns 99,725 shares of the company’s stock worth $795,000 after buying an additional 3,528 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Cemex S.A.B. de C.V. by 48.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 50,273 shares of the company’s stock worth $404,000 after buying an additional 16,409 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in Cemex S.A.B. de C.V. during the fourth quarter worth $12,420,000. Finally, Russell Investments Group Ltd. acquired a new stake in Cemex S.A.B. de C.V. during the fourth quarter worth $44,260,000. Hedge funds and other institutional investors own 36.61% of the company’s stock.

GFS Advisors LLC raised its position in Cemex S.A.B. de C.V. (NYSE:CX) by 13.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,432,506 shares of the company’s stock after buying an additional 855,964 shares during the period. Cemex S.A.B. de C.V. makes up about 12.6% of GFS Advisors LLC’s holdings, making the stock its largest position. GFS Advisors LLC owned about 0.05% of Cemex S.A.B. de C.V. worth $59,683,000 as of its most recent filing with the SEC.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) traded up 2.76% during mid-day trading on Thursday, reaching $8.94. The company’s stock had a trading volume of 11,380,020 shares. The firm has a market cap of $125.50 billion, a PE ratio of 223.50 and a beta of 1.82. Cemex S.A.B. de C.V. has a 12 month low of $3.92 and a 12 month high of $9.51. The company has a 50-day moving average of $8.46 and a 200-day moving average of $8.23.

Several brokerages have recently commented on CX. HSBC Holdings plc upgraded shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Barclays PLC boosted their target price on shares of Cemex S.A.B. de C.V. from $10.00 to $11.00 and gave the company a “top pick” rating in a research note on Wednesday, January 25th. Vetr upgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating and set a $11.64 target price on the stock in a research note on Monday, January 23rd. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Finally, Bank of America Corporation downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Cemex S.A.B. de C.V. currently has an average rating of “Buy” and a consensus price target of $9.18.

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.

Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cemex S.A.B. de C.V. (NYSE:CX).

Related posts

Leave a Comment