Brandes Investment Partners LP Lifted Its Stake in Cemex Sab De Cv (CX) by $56.28 Million

June 16, 2018 - By Linda Rogers

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

Brandes Investment Partners Lp increased its stake in Cemex Sab De Cv (CX) by 23.71% based on its latest 2018Q1 regulatory filing with the SEC. Brandes Investment Partners Lp bought 9.38 million shares as the company’s stock declined 13.07% with the market. The institutional investor held 48.95M shares of the building materials company at the end of 2018Q1, valued at $324.02M, up from 39.57 million at the end of the previous reported quarter. Brandes Investment Partners Lp who had been investing in Cemex Sab De Cv for a number of months, seems to be bullish on the $9.41 billion market cap company. The stock increased 0.81% or $0.05 during the last trading session, reaching $6.25. About 3.98M shares traded. CEMEX, S.A.B. de C.V. (NYSE:CX) has declined 27.63% since June 16, 2017 and is downtrending. It has underperformed by 40.20% the S&P500.

Brandes Investment Partners Lp, which manages about $26.91 billion and $4.69 billion US Long portfolio, decreased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 83,905 shares to 47,256 shares, valued at $2.03 million in 2018Q1, according to the filing. It also reduced its holding in M D C Hldgs Inc (NYSE:MDC) by 135,896 shares in the quarter, leaving it with 699,333 shares, and cut its stake in Briggs & Stratton Corp (NYSE:BGG).

Another recent and important CEMEX, S.A.B. de C.V. (NYSE:CX) news was published by Benzinga.com which published an article titled: “25 Stocks Moving In Friday’s Pre-Market Session” on June 15, 2018.

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

Among 4 analysts covering Cemex SAB (NYSE:CX), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Cemex SAB had 9 analyst reports since December 19, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Friday, April 27 by Longbow. As per Thursday, February 15, the company rating was downgraded by UBS. The firm has “Buy” rating by Citigroup given on Tuesday, December 19. The stock has “Buy” rating by Bank of America on Monday, April 9.

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

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