CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Sei Investments Co. (2024)

Sei Investments Co. raised its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 146.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,010,503 shares of the construction company's stock after purchasing an additional 1,790,588 shares during the quarter. Sei Investments Co. owned about 0.21% of CEMEX worth $19,568,000 as of its most recent filing with the SEC.

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A number of other institutional investors also recently bought and sold shares of the business. Capital International Investors boosted its holdings in shares of CEMEX by 76.6% in the second quarter. Capital International Investors now owns 45,688,398 shares of the construction company's stock valued at $323,474,000 after acquiring an additional 19,823,297 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of CEMEX by 41.4% in the third quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company's stock valued at $122,996,000 after acquiring an additional 5,542,723 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of CEMEX by 184.8% in the first quarter. AQR Capital Management LLC now owns 6,800,611 shares of the construction company's stock valued at $37,607,000 after acquiring an additional 4,413,029 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of CEMEX by 151.8% in the second quarter. Itau Unibanco Holding S.A. now owns 6,528,122 shares of the construction company's stock valued at $44,732,000 after acquiring an additional 3,935,818 shares in the last quarter. Finally, AXA S.A. purchased a new stake in shares of CEMEX in the first quarter valued at about $12,347,000. 31.81% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Performance

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NYSE:CX opened at $7.91 on Monday. The firm has a 50 day simple moving average of $7.87 and a 200-day simple moving average of $7.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market cap of $11.46 billion, a PE ratio of 65.92, a P/E/G ratio of 0.53 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a 1-year low of $4.72 and a 1-year high of $8.81.

Analysts Set New Price Targets

Sprinklr: Has the smoke cleared to buy back in?

A number of research firms recently commented on CX. Bank of America raised shares of CEMEX from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $8.20 to $9.00 in a report on Tuesday, January 9th. Barclays downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating and set a $9.00 price objective on the stock. in a report on Friday, February 9th. Finally, StockNews.com downgraded shares of CEMEX from a "strong-buy" rating to a "buy" rating in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.37.

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CEMEX Profile

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CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.

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Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report).

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CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Sei Investments Co. (2024)

FAQs

Is CEMEX a good stock to buy? ›

Cemex SAB's analyst rating consensus is a Strong Buy. This is based on the ratings of 5 Wall Streets Analysts.

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Who are the largest shareholders of CEMEX? ›

Top Shareholders

BlackRock, Inc. The Vanguard Group, Inc. Baillie Gifford & Co.

What is the price target for CX stock? ›

Stock Price Targets

High	$21.00
Median	$10.14
Low	$5.70
Average	$10.91
Current Price	$7.99

Is SEI a good investment company? ›

As of April 16, 2024, SEI Investments Co had a $8.8 billion market capitalization, putting it in the 86th percentile of companies in the Investment Management & Fund Operators industry. Currently, SEI Investments Co's price-earnings ratio is 19.2.

Is CEMEX in debt? ›

What Is CEMEX. de's Net Debt? The image below, which you can click on for greater detail, shows that CEMEX. de had debt of US$6.32b at the end of September 2023, a reduction from US$7.06b over a year. However, because it has a cash reserve of US$532.5m, its net debt is less, at about US$5.78b.

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How much is CEMEX in debt? ›

What is Cemex's official reporting currency? Cemex's official reporting currency is the U.S. dollar. How much debt does Cemex have? As of December 31, 2023, our net debt, which equals total debt minus cash and cash equivalents, was US$6,862 million.

Who owns CEMEX now? ›

Lorenzo Zambrano is the billionaire owner of Cementos Mexicanos SAB, or Cemex, one of the world's biggest cement firms. A few months ago, the Stanford University-educated businessman grew alarmed about the situation in his native Monterrey, where rival drug cartels are fighting for control.

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Is CEMEX a Mexican owned company? ›

Cemex is incorporated as a variable stock corporation organized under the laws of the United Mexican States ("Mexico"). Its shares are listed on both the NYSE and the Mexican Stock Exchange ("MSE").

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Why is CEMEX so successful? ›

The CEMEX way

CEMEX played a combination of “ruthless operating efficiency” (a catch phrase used within the company), innovation in new capabilities and growing global presence and relationships to raise capital at low rates and to gain leverage during their mergers and acquisition spree.

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Why invest in CX? ›

Without great customer experiences, employees will become disengaged, less productive, and be more likely to leave their role. And without great employee experiences, customers are likely to be disappointed, disengaged, and more likely to leave as a customer.

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How far in the future is a stock price target? ›

For stock analysts, the timeline is generally 12 to 18 months, but technical traders also use price targets. For stock analysts, the purpose is to help advise investors as to where their stocks might be headed and to highlight stocks that could be very good values (or very bad ones) in the future.

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What is the time horizon for stock price targets? ›

The Price Target is an aggregate of the targets published by various analysts covering a stock, from the last 90 days. It is published with a 0-18 months time horizon.

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Who owns SEI Investments? ›

The ownership structure of SEI Investments Company (SEIC) stock is a mix of institutional, retail and individual investors. Approximately 62.53% of the company's stock is owned by Institutional Investors, 12.49% is owned by Insiders and 24.99% is owned by Public Companies and Individual Investors.

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How does SEI make money? ›

SEI is a fee-only firm whose revenue comes from the fees that clients pay for advisory services. What is interesting is that 90% of sales are recurring business contracts (3 to 5 years usually for banking clients), which provides stability to earnings.

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What is the advantage of SEI? ›

Overall, the SEI Network offers numerous advantages over traditional centralized systems, including security, efficiency, interconnectivity, self-evolution, community-driven governance, incentivization, and decentralization.

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Why is CEMEX stock down? ›

Cemex Shares Tumble on Sales and Operating Income Miss

Operating Ebitda was $743 million, also below estimates of $770.8 million. The company reported a quarterly net loss of $441 million due to “an adverse tax judgment in Spain of US$613 million,” it said in a statement.

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Does CEMEX pay dividends? ›

Cemex SAB (CX) does not pay a dividend.

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Should I buy GLW stock? ›

Is Corning stock a Buy, Sell or Hold? Corning stock has received a consensus rating of buy. The average rating score is and is based on 24 buy ratings, 18 hold ratings, and 0 sell ratings.

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