Pinnacle Associates Ltd. disclosed in its most recent 13F filing with the Securities and Exchange Commission (S.E.C.) that during the third quarter, the company’s stake in CEMEX, S.A.B. de C.V. (NYSE: CX) was reduced by 43.9%. Pinnacle Associates Ltd provided this information. The corporation was left with 60,550 shares of the construction company’s stock at the end after selling 47,400 shares of the company’s stock throughout the period. In the most recent report that Pinnacle Associates Ltd. submitted to the Securities and Exchange Commission (S.E.C.), the company stated that the value of its CEMEX interests was approximately $208,000.
A wide range has recently changed CX holdings of other institutional investors, such as hedge funds, financial institutions, and others. Over the first three months of the year, Hightower Advisors L.L.C. increased the percentage of CEMEX stock owned by 8.1%. Hightower Advisors L.L.C. now has a total of 255,170 shares of the construction company’s stock after making an additional purchase of 19,051 shares during the period in question. The stock is currently valued at $1,349,000. The amount of CEMEX stock owned by Private Advisor Group L.L.C. increased by 164.4% during the first three months of 2018 due to acquisitions. Private Advisor Group L.L.C. now owns 38,153 shares of the construction company’s stock, valued at $202,000, after making additional purchases of 23,725 shares during the relevant period. P.N.C. Financial Services Group Inc. increased the percentage of CEMEX shares it owned by 58.4% during the first three months of 2018. P.N.C. Financial Services Group Inc. now has 15,387 of the construction company’s stock after purchasing an additional 5,676 shares. Each share of the construction company’s stock has an estimated value of $80,000. During the first three months of 2018, Natixis Advisors L.P. saw a 23.6% increase in the amount of CEMEX stock it held. Natixis Advisors L.P. now owns 278.056 of the construction company’s shares, which have a market value of $1,471,000. This is a result of acquiring 53,124 additional shares during the quarter. And finally, over the first three months of this year, Dimensional Fund Advisors L.P. increased its holdings of CEMEX stock by an additional 3.4%. After acquiring 270,749 shares during the period, Dimensional Fund Advisors L.P. now owns 8,277,600 shares of the construction company’s stock. The current market value of these shares is $43,789,000. During the quarter, these shares were purchased. A total of 28.74 percent of the company’s shares are held by institutional investors such as hedge funds and other financial organizations.
Customers now have access to CX reports from a variety of different brokerages, which is a relatively recent development. Redburn Partners published a research note on Thursday, December 8, announcing the beginning of their coverage of CEMEX shares. They have provided the company with a rating of “neutral” and have projected that the share price will reach $4.90 in the future. The “strong-buy” rating that StockNews.com had previously assigned to CEMEX was downgraded to a “buy” rating in a research report issued on November 12 by StockNews.com. Three financial analysts have issued a buy recommendation for the company’s stock, while five have assigned a hold rating to the business. According to Bloomberg, the current recommendation for the stock is “Hold,” and analysts have an average price target of $5.92 for the price of a share of the company’s stock.
On Thursday, the market’s opening price was $4.88 for each share of CEMEX that was traded. A debt-to-equity ratio comes in at 0.63; a quick ratio comes in at 0.59; a current ratio comes in at 0.87; and a quick ratio comes in at 0.59. A price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.58, and a beta value of 1.36 are all characteristics of the stock in question. The company’s total value, as measured by its market capitalization, is $7.18 billion. The stock of CEMEX, S.A.B. de C.V., reached a 52-week high of $6.81 and hit a 52-week low of $3.20 during the company’s previous fiscal year. The simple moving average of the company’s stock price over the past 50 days is $4.39, while the average price over the last 200 days is $4.04.
The most up-to-date report on the financial performance of CEMEX (NYSE: CX) was made available to the public on October 27. The construction firm completed the period with a profit of $0.18 per share for the quarter (EPS). The net margin for the company was 7.53 percent, and the equity return was 8.99 percent. The amount in question was $3.96 billion in total revenue from the company during the relevant period. The majority of analysts believe that CEMEX, S.A.B. de C.V., will be able to generate earnings of $0.64 per share during the current financial year.
On a global scale, CEMEX, S.A.B. de C.V., and its affiliates are in charge of the production, marketing, distribution, and retail sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other products that are associated with the construction industry. Parking curbs, parking barriers, concrete floors, box culverts, bridges, and drainage basins are all examples of precast materials available for purchase. Products for the rail industry are also available. Products made of asphalt, architectural products, concrete blocks and roof tiles, concrete pipes used for applications such as storm and sanitary sewers, and a variety of other types of precast items are all examples of other types of precast items.
