132 institutional investors are raising stakes in CEMEX, S.A.B. de C.V. (CX)

CEMEX, S.A.B. de C.V. (NYSE:CX) enjoyed a 21.78% run-up in share price since hitting record low of $5.72. The stock managed -0.14% fall and now stands at $6.96 as of 07/06/2018. At recent session, the prices were hovering between $6.92 and $7.07. This company shares are 38.07% off its target price of $9.61 and the current market capitalization stands at $9.91B. The recent change has given its price a 13.27% lead over SMA 50 and -32.88% deficit over its 52-week high. The stock witnessed 15.23% gains, 1.31% gains and -12.45% 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 3.87% and during a month it has been found around 3.49%.

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

Institutional investors currently hold around $3.46 billion or 34.9% in CX stock. Look at its top three institutional owners. Dodge & Cox owns $705.16 million in CEMEX, S.A.B. de C.V., which represents roughly 7.12% of the company’s market cap and approximately 20.37% of the institutional ownership. Similar statistics are true for the second largest owner, Boston Partners, which owns 52,496,455 shares of the stock are valued at $365.38 million. The third largest holder is Brandes Investment Partners, Lp, which currently holds $340.66 million worth of this stock and that ownership represents nearly 3.44% of its market capitalization.

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

At the end of March reporting period, 132 institutional holders increased their position in CEMEX, S.A.B. de C.V. (NYSE:CX) by some 68,323,792 shares, 141 decreased positions by 112,535,862 and 51 held positions by 316,592,263. That puts total institutional holdings at 497,451,917 shares, according to SEC filings. The stock grabbed 40 new institutional investments totaling 27,503,815 shares while 41 institutional investors sold out their entire positions totaling 25,615,472 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 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.93 average brokerage recommendation.