ANTIPODES PARTNERS Ltd Trims Stock Holdings in Cemex S.A.B. de C.V. (NYSE:CX)

ANTIPODES PARTNERS Ltd lessened its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,208,763 shares of the construction company's stock after selling 2,048,147 shares during the quarter. Cemex comprises 2.3% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 20th biggest holding. ANTIPODES PARTNERS Ltd owned about 0.91% of Cemex worth $74,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dodge & Cox lifted its position in Cemex by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock valued at $279,868,000 after acquiring an additional 48,942,309 shares in the last quarter. Schroder Investment Management Group lifted its position in Cemex by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock valued at $150,809,000 after acquiring an additional 23,576,914 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cemex by 30.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock worth $229,806,000 after buying an additional 9,541,622 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Cemex by 1,505.0% during the 4th quarter. Marshall Wace LLP now owns 2,539,938 shares of the construction company's stock worth $14,325,000 after buying an additional 2,381,687 shares in the last quarter. Finally, IPG Investment Advisors LLC lifted its position in shares of Cemex by 141.5% during the 4th quarter. IPG Investment Advisors LLC now owns 3,525,493 shares of the construction company's stock worth $19,884,000 after buying an additional 2,065,469 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on CX. Barclays reissued an "overweight" rating and set a $9.00 target price (up previously from $8.00) on shares of Cemex in a research report on Tuesday, July 15th. Itau BBA Securities cut shares of Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Bradesco Corretora set a $7.50 target price on shares of Cemex and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Wall Street Zen cut shares of Cemex from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.74.

Cemex Stock Performance

Shares of NYSE:CX traded up $0.15 during mid-day trading on Friday, reaching $8.40. The company had a trading volume of 9,945,141 shares, compared to its average volume of 11,389,106. The company has a current ratio of 0.85, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.02 and a beta of 1.38. The company's 50-day moving average price is $7.13 and its 200-day moving average price is $6.37. Cemex S.A.B. de C.V. has a one year low of $4.89 and a one year high of $8.46.

Cemex (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. Cemex had a net margin of 9.61% and a return on equity of 7.01%. The company had revenue of $4.13 billion for the quarter, compared to analysts' expectations of $4.20 billion. As a group, equities research analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a $0.0224 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a yield of 1.07%. Cemex's dividend payout ratio is 8.33%.

About Cemex

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.