As Cemex Sab De Cv (CX) Stock Price Rose, Brandes Investment Partners LP Upped Holding

October 13, 2018 - By Dolores Ford

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

Brandes Investment Partners Lp increased its stake in Cemex Sab De Cv (CX) by 9.82% based on its latest 2018Q2 regulatory filing with the SEC. Brandes Investment Partners Lp bought 4.81 million shares as the company’s stock rose 14.08% with the market. The institutional investor held 53.75 million shares of the building materials company at the end of 2018Q2, valued at $353.34M, up from 48.95M 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 $9.60B market cap company. The stock increased 2.47% or $0.15 during the last trading session, reaching $6.22. About 6.51 million shares traded or 12.73% up from the average. CEMEX, S.A.B. de C.V. (NYSE:CX) has declined 23.83% since October 13, 2017 and is downtrending. It has underperformed by 39.45% the S&P500.

Brandes Investment Partners Lp, which manages about $26.91B and $4.44B US Long portfolio, decreased its stake in Hca Healthcare Inc (NYSE:HCA) by 42,460 shares to 604,320 shares, valued at $62.00 million in 2018Q2, according to the filing. It also reduced its holding in Avnet Inc (NYSE:AVT) by 102,193 shares in the quarter, leaving it with 322,774 shares, and cut its stake in Pnc Finl Svcs Group I (NYSE:PNC).

Another recent and important CEMEX, S.A.B. de C.V. (NYSE:CX) news was published by Seekingalpha.com which published an article titled: “Cemex Still Undervalued – And Somewhat Underwhelming” on September 17, 2018.

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

Among 2 analysts covering Cemex (NYSE:CX), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Cemex had 3 analyst reports since April 27, 2018 according to SRatingsIntel. On Thursday, August 16 the stock rating was downgraded by HSBC to “Hold”. Longbow downgraded CEMEX, S.A.B. de C.V. (NYSE:CX) on Friday, April 27 to “Hold” rating.

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

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