RWC Asset Advisors US LLC Has $65.83 Million Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

RWC Asset Advisors US LLC reduced its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,494,202 shares of the construction company’s stock after selling 121,163 shares during the quarter. CEMEX makes up about 5.2% of RWC Asset Advisors US LLC’s portfolio, making the stock its 7th largest holding. RWC Asset Advisors US LLC owned about 0.59% of CEMEX worth $65,830,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of CEMEX by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,764,242 shares of the construction company’s stock valued at $56,968,000 after buying an additional 373,246 shares in the last quarter. Raymond James & Associates lifted its position in shares of CEMEX by 37.4% during the third quarter. Raymond James & Associates now owns 50,402 shares of the construction company’s stock valued at $328,000 after purchasing an additional 13,718 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in CEMEX in the third quarter worth about $95,000. Calamos Wealth Management LLC raised its position in CEMEX by 4.2% in the third quarter. Calamos Wealth Management LLC now owns 150,396 shares of the construction company’s stock worth $978,000 after acquiring an additional 6,046 shares during the period. Finally, RWC Asset Management LLP increased its stake in shares of CEMEX by 16.0% in the third quarter. RWC Asset Management LLP now owns 3,647,258 shares of the construction company’s stock worth $23,707,000 after purchasing an additional 502,233 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CX. Barclays lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a report on Friday, February 9th. The Goldman Sachs Group increased their price objective on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. Bank of America downgraded shares of 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. Finally, StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CEMEX has a consensus rating of “Moderate Buy” and a consensus price target of $9.53.

CEMEX Price Performance

NYSE CX traded up $0.09 during mid-day trading on Friday, hitting $8.27. The stock had a trading volume of 4,029,583 shares, compared to its average volume of 6,985,070. CEMEX, S.A.B. de C.V. has a twelve month low of $5.67 and a twelve month high of $9.27. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 59.07, a PEG ratio of 0.17 and a beta of 1.47. The firm’s 50 day moving average is $8.32 and its 200 day moving average is $7.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.74 and a quick ratio of 0.47.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.81%. The firm had revenue of $4.24 billion for the quarter. Equities research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

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.