Cemex Sab De Cv (CX) Shares Declined While Brandes Investment Partners LP Increased by $23.83 Million Its Stake

CEMEX, S.A.B. de C.V. (NYSE:CX) Corporate Logo

Brandes Investment Partners Lp’s stake in Cemex Sab De Cv (CX) is upped by 11.28% based on its latest 2018Q4 regulatory filing with the SEC. The company’s stock sank 2.24% while Brandes Investment Partners Lp bought 5.96M shares. At the end of 2018Q4, the 58.75 million shares of the building materials company held by the institutional investor were valued at $283.72M, up from 52.79 million at the end of the previous reported quarter. Cemex Sab De Cv has $7.07 billion market cap. CX is hitting $4.71 during the last trading session, after increased 1.07%.CEMEX, S.A.B. de C.V. has volume of 2.53 million shares. Since March 15, 2018 CX has declined 30.49% and is downtrending. CX underperformed by 34.86% the S&P 500.

Brandes Investment Partners Lp manages about $26.91B and $3.92B US Long portfolio. It decreased its stake in Mckesson Corp (NYSE:MCK) by 57,013 shares to 715,108 shares, valued at $79.00 million in 2018Q4, according to the filing. For a total of 2.35M shares it reduced its holding in Jefferies Finl Group Inc by 261,464 shares in the quarter, and has cut its stake in Cardinal Health Inc (NYSE:CAH).

Another two news for CEMEX, S.A.B. de C.V. (NYSE:CX) were briefly announced by: Businesswire.com on February 14, 2019 with title “CEMEX Rebuilds Jamaica Airport – Business Wire”. The other Streetinsider.com‘s article was titled “Cemex SA (CX) Reports Sale of Assets in the Baltics and Nordics to SCHWENK for Approx $385.44M – StreetInsider.com” and announced on February 20, 2019.

CEMEX, S.A.B. de C.V. (NYSE:CX) Ratings Coverage

In total 2 analysts cover Cemex (NYSE:CX). “Buy” rating has 2, “Sell” are 0, while 0 are “Hold”. (NYSE:CX) has 100% bullish analysts. 2 are the (NYSE:CX)’s ratings reports on 15 Mar 2019 according to StockzIntelligence Inc. On Friday, October 26 Barclays Capital maintained CEMEX, S.A.B. de C.V. (NYSE:CX) rating. Barclays Capital has “Overweight” rating and $8 target. On Wednesday, March 13 the rating was maintained by Credit Suisse with “Buy”.

CEMEX, S.A.B. de C.V. (NYSE:CX) Analyst Ratings Chart

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