Aureus Asset Management LLC Invests $70,000 in CEMEX, S.A.B. de C.V. (NYSE:CX)

Aureus Asset Management LLC purchased a new stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,537 shares of the construction company’s stock, valued at approximately $70,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in shares of CEMEX by 3.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock valued at $463,000 after purchasing an additional 2,654 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of CEMEX by 13.9% during the second quarter. 1832 Asset Management L.P. now owns 26,200 shares of the construction company’s stock valued at $167,000 after buying an additional 3,200 shares during the period. Private Advisor Group LLC raised its stake in CEMEX by 14.7% in the third quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock worth $164,000 after buying an additional 3,441 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in CEMEX by 14.5% in the third quarter. Ballentine Partners LLC now owns 29,736 shares of the construction company’s stock worth $181,000 after buying an additional 3,777 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Price Performance

Shares of NYSE:CX opened at $5.69 on Tuesday. The company has a market capitalization of $8.25 billion, a PE ratio of 18.97 and a beta of 1.49. The business has a fifty day moving average price of $5.75 and a 200-day moving average price of $6.23. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CX. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Scotiabank reduced their price target on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. Barclays lowered their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded shares of CEMEX from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their price target on shares of CEMEX from $6.50 to $6.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.82.

CEMEX Company 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.