Cemex SAB de CV (ADR) (NYSE:CX) investors should pay attention to an increase in support from the world’s most elite money managers lately.
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With all of this in mind, we’re going to take a gander at the latest action encompassing Cemex SAB de CV (ADR) (NYSE:CX).
How have hedgies been trading Cemex SAB de CV (ADR) (NYSE:CX)?
In preparation for this year, a total of 28 of the hedge funds we track were bullish in this stock, a change of 40% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their stakes considerably.
Of the funds we track, Southeastern Asset Management, managed by Mason Hawkins, holds the most valuable position in Cemex SAB de CV (ADR) (NYSE:CX). Southeastern Asset Management has a $790 million position in the stock, comprising 3.5% of its 13F portfolio. Coming in second is Sean Cullinan of Point State Capital, with a $101 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Some other peers that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, John Lykouretzos’s Hoplite Capital Management and D. E. Shaw’s D E Shaw.
As industrywide interest jumped, key money managers were leading the bulls’ herd. Hoplite Capital Management, managed by John Lykouretzos, assembled the largest position in Cemex SAB de CV (ADR) (NYSE:CX). Hoplite Capital Management had 44 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also initiated a $42 million position during the quarter. The other funds with brand new CX positions are Roberto Mignone’s Bridger Management, Stanley Druckenmiller’s Duquesne Capital, and Clint Carlson’s Carlson Capital.
How are insiders trading Cemex SAB de CV (ADR) (NYSE:CX)?
Insider buying is most useful when the company in focus has experienced transactions within the past six months. Over the latest six-month time period, Cemex SAB de CV (ADR) (NYSE:CX) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
With the results shown by the aforementioned studies, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and Cemex SAB de CV (ADR) (NYSE:CX) is no exception.
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