SEC Filing: As Cemex Sab De Cv (CX) Share Value Rose, Shareholder Brandes Investment Partners LP Lowered Position

SEC Filing: As Cemex Sab De Cv (CX) Share Value Rose, Shareholder Brandes Investment Partners LP Lowered Position

Brandes Investment Partners Lp decreased its stake in Cemex Sab De Cv (CX) by 6.87% based on its latest 2016Q3 regulatory filing with the SEC. Brandes Investment Partners Lp sold 2.76M shares as the company’s stock rose 29.11% with the market. The institutional investor held 37.40 million shares of the building materials company at the end of 2016Q3, valued at $296.92 million, down from 40.15M 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 less bullish one the $10.72 billion market cap company. The stock decreased 1.14% or $0.09 during the last trading session, hitting $7.8. Cemex SAB de CV (ADR) (NYSE:CX) has risen 18.00% since June 7, 2016 and is uptrending. It has outperformed by 10.58% the S&P500.

Brandes Investment Partners Lp, which manages about $26.91B and $6.67 billion US Long portfolio, upped its stake in Credit Suisse Group (NYSE:CS) by 259,740 shares to 6.56 million shares, valued at $86.18M in 2016Q3, according to the filing. It also increased its holding in Enersis Chile Sa by 2.02 million shares in the quarter, for a total of 4.94M shares, and has risen its stake in America Movil Sab De Cv (NYSE:AMX).

Brandes Investment Partners Lp is a California-based institutional investor with more than $26.91 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Brandes Investment Partners latest Adv, the fund reported to have 235 full and part-time employees. Among which 53 performing investment advisory and research functions. The institutional investor had more than 19500 clients.

Analysts await Cemex SAB de CV (ADR) (NYSE:CX) to report earnings on February, 2.

More news for Cemex SAB de CV (ADR) (NYSE:CX) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on June 15, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.

According to Zacks Investment Research, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker.”

Cemex SAB de CV (ADR) (NYSE:CX) Ratings Coverage

Out of 13 analysts covering CEMEX S.A.B. de C.V. (NYSE:CX), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. CEMEX S.A.B. de C.V. has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Friday, March 18 the stock rating was upgraded by Credit Suisse to “Outperform”. Credit Suisse downgraded the stock to “Neutral” rating in Monday, December 14 report. On Wednesday, April 6 the stock rating was downgraded by Scotia Capital to “Sector Perform”. The rating was maintained by JP Morgan with “Overweight” on Monday, August 15. The firm has “Equal-Weight” rating given on Friday, October 23 by Barclays Capital. On Tuesday, October 27 the stock rating was downgraded by Santander to “Hold”. As per Monday, August 15, the company rating was downgraded by Santander. The rating was upgraded by BB&T Capital to “Buy” on Monday, March 21. Barclays Capital upgraded Cemex SAB de CV (ADR) (NYSE:CX) on Thursday, April 21 to “Overweight” rating. The firm has “Neutral” rating given on Thursday, October 22 by Citigroup.

CX Company Profile

CEMEX, S.A.B. de C.V. (CEMEX), incorporated on June 11, 1920, is an operating and holding firm engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to clients and communities in over 50 countries throughout the world. The Firm operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. The Company’s cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.

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