Cemex S.A.B. De C.V. Sponsored (NYSE:CX).
Hosking Partners Llp says it bought 28,950 shares in quarter ending 09/30/2017 increasing its exposure to Cemex S.A.B. De C.V. Sponsored by 0.4%. Its position stood at $64,868,000 a decrease of $2,156,000 according to the filing.
Several firms have updated their holdings. As of quarter end Baird Financial Group, Inc. had sold a total of 38 shares trimming its stake by 0.1%. The value of the total investment in Cemex S.A.B. De C.V. Sponsored went from $293,000 to $282,000 a change of $11,000 quarter over quarter. As of the end of the quarter Snow Capital Management Lp had disposed of 292,516 shares trimming its holdings by 32.9%. The value of the investment in CX decreased from $8,372,000 to $5,414,000 a change of 35.3% since the last quarter.
As of quarter end Raymond James & Associates had acquired a total of 699,700 shares growing its position 187.4%. The value of the investment in (CX) increased from $3,517,000 to $9,744,000 increasing 177.1% quarter to quarter.
J P Morgan Chase & Co lowered the price target on October 30 changing the price objective from $11.20 to $10.60 with a rating of “Overweight”.
On July 27 Berenberg Bank made no change to the company rating of “Hold” with a current price target of $8.40.
The company is so far trading up by 0.13% since yesterday’s close of 7.81. Cemex S.A.B. De C.V. Sponsored’s P/E ratio is 13.77 and the market value is 11.48B. In the latest earnings report the EPS was $0.57 with 30.21B shares currently outstanding.
Traders are more bullish on shares of Cemex S.A.B. De C.V. Sponsored if you evaluate the fall in short interest. The company had a fall in short interest from October 13, 2017 to October 31, 2017 of -35.42%. Short shares decreased 6,985,388 over that period. With short interest at 12,733,999 and short average daily volume at 11,838,137, days to cover is 1.0 and the percentage of shorted shares is 0.00% as of October 31.