Institutional Sentiment Positive Towards CEMEX, S.A.B. de C.V. (CX)

CEMEX, S.A.B. de C.V. (NYSE:CX) reached 7.83% versus a 1-year low price of $4.47. The stock was last seen 0.63% higher, reaching at $4.82 on 12/31/2018. At recent session, the prices were hovering between $4.755 and $4.83. This company shares are 81.33% off its target price of $8.74 and the current market capitalization stands at $7.17B. The recent change has given its price a -4.89% deficit over SMA 50 and -43.36% deficit over its 52-week high. The stock witnessed -2.03% declines, -31.53% declines and -26.52% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CX’s volatility during a week at 2.73% and during a month it has been found around 4.02%.

CEMEX, S.A.B. de C.V. (CX) Top Holders

Institutional investors currently hold around $2.48 billion or 35.9% in CX stock. Look at its top three institutional owners. Dodge & Cox owns $602.16 million in CEMEX, S.A.B. de C.V., which represents roughly 8.4% of the company’s market cap and approximately 24.27% of the institutional ownership. Similar statistics are true for the second largest owner, Boston Partners, which owns 53,549,964 shares of the stock are valued at $256.5 million. The third largest holder is Brandes Investment Partners, Lp, which currently holds $252.88 million worth of this stock and that ownership represents nearly 3.53% of its market capitalization.

CEMEX, S.A.B. de C.V. 13F Filings

At the end of September reporting period, 118 institutional holders increased their position in CEMEX, S.A.B. de C.V. (NYSE:CX) by some 43,441,140 shares, 126 decreased positions by 38,546,814 and 67 held positions by 436,046,273. That puts total institutional holdings at 518,034,227 shares, according to SEC filings. The stock grabbed 36 new institutional investments totaling 9,322,189 shares while 27 institutional investors sold out their entire positions totaling 9,264,123 shares.

CEMEX, S.A.B. de C.V. (CX) Analyst Guide

Several analysts have released their opinion on CEMEX, S.A.B. de C.V. (NYSE:CX), with 4 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.06 average brokerage recommendation.