CastleKnight Management LP Has $6.43 Million Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

CastleKnight Management LP cut its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,140,300 shares of the construction company's stock after selling 48,500 shares during the period. CastleKnight Management LP owned about 0.08% of CEMEX worth $6,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox grew its position in CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock worth $279,868,000 after acquiring an additional 48,942,309 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of CEMEX by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after purchasing an additional 23,576,914 shares during the period. Brandes Investment Partners LP lifted its stake in shares of CEMEX by 33.7% in the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock valued at $136,679,000 after purchasing an additional 6,110,857 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in CEMEX during the 4th quarter valued at about $86,056,000. Finally, RWC Asset Advisors US LLC raised its stake in CEMEX by 6.4% during the fourth quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company's stock valued at $67,903,000 after buying an additional 719,735 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Stock Down 0.7 %

NYSE:CX opened at $6.11 on Tuesday. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 9.69 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 twelve month low of $4.89 and a twelve month high of $8.11. The stock has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $5.78.

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

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 8.33%.

Wall Street Analyst Weigh In

A number of analysts have commented on CX shares. Royal Bank of Canada upped their target price on shares of CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a report on Tuesday, April 29th. StockNews.com upgraded CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. raised their price objective on shares of CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group raised their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Bradesco Corretora set a $7.50 target price on CEMEX and gave the company a "neutral" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CEMEX currently has a consensus rating of "Hold" and a consensus target price of $7.58.

CEMEX Company 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.

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