Headlands Technologies LLC Purchases 10,801 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Headlands Technologies LLC lifted its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 1,301.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,631 shares of the construction company’s stock after acquiring an additional 10,801 shares during the quarter. Headlands Technologies LLC’s holdings in CEMEX were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CX. Creative Financial Designs Inc. ADV acquired a new stake in shares of CEMEX during the fourth quarter worth $26,000. Blue Trust Inc. grew its stake in shares of CEMEX by 65.0% during the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,062 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of CEMEX by 40.6% during the third quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after purchasing an additional 2,454 shares during the period. MQS Management LLC acquired a new stake in shares of CEMEX during the third quarter worth $70,000. Finally, Euro Pacific Asset Management LLC acquired a new stake in shares of CEMEX during the third quarter worth $72,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

NYSE:CX opened at $7.91 on Wednesday. The stock has a market cap of $11.46 billion, a P/E ratio of 56.50, a PEG ratio of 0.17 and a beta of 1.47. The stock has a 50 day simple moving average of $8.33 and a 200 day simple moving average of $7.67. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. CEMEX, S.A.B. de C.V. has a 1-year low of $5.67 and a 1-year high of $9.27.

CEMEX (NYSE:CX) last released its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. The business had revenue of $4.14 billion during the quarter. During the same period in the previous year, the business posted $0.15 earnings per share. Research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CX shares. Bank of America cut CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Wednesday, April 24th. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Barclays cut CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a research report on Friday, February 9th. Finally, The Goldman Sachs Group increased their price target on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.