Raymond James Financial Services Advisors Inc. Raises Position in Cemex SAB de CV (CX)

Raymond James Financial Services Advisors Inc. Raises Position in Cemex SAB de CV (CX)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Cemex SAB de CV (NYSE:CX) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,374 shares of the company’s stock after buying an additional 3,796 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Cemex SAB de CV were worth $180,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. GFS Advisors LLC boosted its position in shares of Cemex SAB de CV by 13.0% in the fourth quarter. GFS Advisors LLC now owns 7,432,506 shares of the company’s stock valued at $59,683,000 after buying an additional 855,964 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Cemex SAB de CV by 1.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 30,603 shares of the company’s stock valued at $245,000 after buying an additional 365 shares during the period. Comerica Bank boosted its position in shares of Cemex SAB de CV by 3.7% in the fourth quarter. Comerica Bank now owns 99,725 shares of the company’s stock valued at $795,000 after buying an additional 3,528 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Cemex SAB de CV by 48.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 50,273 shares of the company’s stock valued at $404,000 after buying an additional 16,409 shares during the period. Finally, Hodges Capital Management Inc. bought a new position in shares of Cemex SAB de CV during the fourth quarter valued at about $12,420,000. 36.68% of the stock is owned by institutional investors and hedge funds.

Cemex SAB de CV (NYSE:CX) opened at 9.14 on Friday. The firm has a market cap of $128.34 billion, a PE ratio of 186.53 and a beta of 1.82. Cemex SAB de CV has a 52-week low of $5.49 and a 52-week high of $9.51. The firm’s 50-day moving average price is $8.90 and its 200 day moving average price is $8.38.

Several brokerages recently issued reports on CX. HSBC Holdings plc upgraded Cemex SAB de CV from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Barclays PLC boosted their price target on Cemex SAB de CV from $10.00 to $11.00 and gave the company a “top pick” rating in a research report on Wednesday, January 25th. Credit Suisse Group AG restated a “buy” rating and issued a $11.00 price target on shares of Cemex SAB de CV in a research report on Friday. Vetr upgraded Cemex SAB de CV from a “buy” rating to a “strong-buy” rating and set a $13.16 price target on the stock in a research report on Tuesday, March 7th. Finally, Zacks Investment Research cut Cemex SAB de CV from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Cemex SAB de CV has an average rating of “Buy” and an average price target of $9.99.

About Cemex SAB de CV

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.

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