AQR Capital Management LLC Sells 15,103,112 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

AQR Capital Management LLC lessened its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 81.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,473,558 shares of the construction company's stock after selling 15,103,112 shares during the period. AQR Capital Management LLC owned 0.24% of CEMEX worth $19,452,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after acquiring an additional 1,843 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock valued at $73,000 after purchasing an additional 2,720 shares in the last quarter. Holistic Financial Partners increased its position in CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock worth $79,000 after purchasing an additional 2,787 shares in the last quarter. IFP Advisors Inc boosted its position in CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after buying an additional 3,062 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of CEMEX by 32.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company's stock worth $82,000 after buying an additional 3,558 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Price Performance

Shares of CEMEX stock traded up $0.04 on Thursday, hitting $6.46. 18,323,114 shares of the company traded hands, compared to its average volume of 11,046,073. The company has a market cap of $9.35 billion, a P/E ratio of 10.25 and a beta of 1.41. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $8.10. The firm's 50-day simple moving average is $5.78 and its 200 day simple moving average is $5.80.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The company had revenue of $186.46 million during the quarter, compared to analysts' expectations of $214.59 million. Analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is 8.33%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CX. The Goldman Sachs Group boosted their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Royal Bank of Canada raised their price target on shares of CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a report on Tuesday, April 29th. StockNews.com raised shares of CEMEX from a "hold" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, CEMEX presently has an average rating of "Hold" and an average target price of $7.58.

CEMEX Profile

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 and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.