Principal Global Investors LLC recently announced the acquisition of new stake in Cemex S.A.B. De C.V. ADR (NYSE:CX). The institutional investor has increased its shareholding in the Basic Materials company by 0.32% to 19.31 million shares with purchase of 61954.0 shares. This fresh investment now brings its stake to 1.28% valued currently at $149.67 million. In addition, Acadian Asset Management LLC raised its holdings by 5.54 million to 18.92 million shares. And American Century Investment Manag has lifted its position by 3.38% or 0.32 million shares – to 9.74 million shares.
Currently, there are 1.51B common shares owned by the public and among those 1.51B shares have been available to trade.
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The top 3 mutual fund holders in Cemex S.A.B. De C.V. ADR are American Funds EuroPacific Growth, Fidelity Inv. Trust – Emerging Ma, and Baillie Gifford Emerging Markets. American Funds EuroPacific Growth owns 18.63 million shares of the company’s stock, all valued at over $144.37 million. Baillie Gifford Emerging Markets now owns shares totaling to 0.52% of the shares outstanding.
However, the script later moved the day high at 7.60, up 1.08%. The company’s stock has a 5-day price change of 1.35% and 25.17% over the past three months. CX shares are trading -3.10% year to date (YTD), with the 12-month market performance up to 50.50% higher. It has a 12-month low price of $4.72 and touched a high of $8.46 over the same period. CX has an average intraday trading volume of 5.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.81%, 2.14%, and 8.38% respectively.
Institutional ownership of Cemex S.A.B. De C.V. ADR (NYSE: CX) shares accounts for 29.57% of the company’s 1.51B shares outstanding. Mutual fund holders own 10.40%, while other institutional holders and individual stakeholders account for 19.17% and — respectively.
It has a market capitalization of $11.35B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 24.10, while the earnings-per-share (ttm) stands at $0.31. The company has a PEG of 1.77 and a Quick Ratio of 0.58 with the debt-to-equity ratio at 0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 2.59% over the month.
Analysts forecast that Cemex S.A.B. De C.V. ADR (CX) will achieve an EPS of $Citigroup, Inc. for the current quarter, $53.30 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Freeport-McMoRan, Inc. while analysts give the company a high EPS estimate of $Blackstone Inc.. Comparatively, EPS for the current quarter was $United States Steel Corporation a year ago. Earnings per share for the fiscal year are expected to increase by 82.17%, and 26.61% over the next financial year. EPS should grow at an annualized rate of 13.60% over the next five years, compared to -1.42% over the past 5-year period.
Looking at the support for the CX, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on January 09, 2024, with the firm’s price target at $9.
