CEMEX, S.A.B. de C.V. (CX) Reaches $7.11 After 4.00% Down Move; Oz Management LP Trimmed Time Warner (TWX) Stake

February 23, 2018 - By Marie Mckinney

Oz Management Lp decreased Time Warner Inc (TWX) stake by 9.91% reported in 2017Q3 SEC filing. Oz Management Lp sold 537,044 shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Oz Management Lp holds 4.88M shares with $500.32 million value, down from 5.42 million last quarter. Time Warner Inc now has $73.68 billion valuation. The stock increased 0.09% or $0.085 during the last trading session, reaching $94.455. About 322,229 shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 23, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

The stock of CEMEX, S.A.B. de C.V. (NYSE:CX) is a huge mover today! The stock decreased 1.44% or $0.1035 during the last trading session, reaching $7.1065. About 1.63M shares traded. CEMEX, S.A.B. de C.V. (NYSE:CX) has risen 38.50% since February 23, 2017 and is uptrending. It has outperformed by 21.80% the S&P500.The move comes after 6 months negative chart setup for the $10.84 billion company. It was reported on Feb, 23 by Barchart.com. We have $6.82 PT which if reached, will make NYSE:CX worth $433.68 million less.

CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company has market cap of $10.84 billion. The firm also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. It has a 13.16 P/E ratio. In addition, it provides building solutions for housing projects, pavement projects, and green building consultancy services; and information technology solutions and services.

Among 17 analysts covering CEMEX S.A.B. de C.V. (NYSE:CX), 10 have Buy rating, 1 Sell and 6 Hold. Therefore 59% are positive. CEMEX S.A.B. de C.V. had 39 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, April 6, the company rating was downgraded by Scotia Capital. UBS downgraded the shares of CX in report on Thursday, February 15 to “Sell” rating. The firm earned “Sell” rating on Monday, July 17 by Citigroup. Santander downgraded the shares of CX in report on Monday, August 15 to “Hold” rating. As per Monday, October 23, the company rating was upgraded by Citigroup. The rating was initiated by Berenberg on Friday, September 2 with “Hold”. Santander downgraded the stock to “Hold” rating in Tuesday, October 27 report. The firm earned “Buy” rating on Tuesday, June 20 by Bank of America. The stock has “Overweight” rating by JP Morgan on Monday, August 15. The stock has “Overweight” rating by Barclays Capital on Thursday, April 21.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on May, 2. They expect $1.76 EPS, up 6.02% or $0.10 from last year’s $1.66 per share. TWX’s profit will be $1.37 billion for 13.42 P/E if the $1.76 EPS becomes a reality. After $1.60 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

Since December 14, 2017, it had 0 insider buys, and 3 sales for $2.88 million activity. Another trade for 4,019 shares valued at $376,219 was sold by WRIGHT DEBORAH C. Shares for $2.11M were sold by OLAFSSON OLAF. BARR WILLIAM P sold $390,647 worth of stock or 4,019 shares.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It worsened, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Ing Groep Nv reported 134,450 shares. Fiera Corporation, Quebec – Canada-based fund reported 10,373 shares. Samlyn Capital Lc holds 2.72 million shares or 7.04% of its portfolio. Pacific Alternative Asset Management Ltd Liability Corp invested in 9.36% or 834,325 shares. Georgia-based Advisory Svcs Limited Com has invested 0.01% in Time Warner Inc. (NYSE:TWX). Heritage Invsts Management invested 0.28% of its portfolio in Time Warner Inc. (NYSE:TWX). Manikay Ltd Liability Com reported 1.89M shares or 11.98% of all its holdings. Soros Fund Management Ltd Liability owns 1.02 million shares. Btc Mngmt Incorporated holds 9,728 shares. Marsico Capital Limited stated it has 66,035 shares. Texas Permanent School Fund accumulated 215,552 shares. Moreover, Asset Mgmt Inc has 0.24% invested in Time Warner Inc. (NYSE:TWX). Klingenstein Fields & Com Limited Liability Corporation invested in 1.4% or 354,352 shares. Guardian Life Ins Co Of America reported 0.03% of its portfolio in Time Warner Inc. (NYSE:TWX). Tsp Cap Mgmt Grp Limited Com holds 0.85% in Time Warner Inc. (NYSE:TWX) or 17,432 shares.

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