Marathon Asset Management Ltd cut its stake in Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,800,995 shares of the construction company's stock after selling 468,626 shares during the quarter. Marathon Asset Management Ltd owned about 0.47% of Cemex worth $38,153,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CX. Cetera Investment Advisers grew its stake in shares of Cemex by 8.4% in the fourth quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company's stock valued at $179,000 after buying an additional 2,452 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Cemex by 21.0% in the first quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company's stock valued at $81,000 after acquiring an additional 2,505 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Cemex by 3.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 77,957 shares of the construction company's stock valued at $437,000 after purchasing an additional 2,570 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Cemex by 26.4% during the fourth 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 during the period. Finally, IFP Advisors Inc lifted its position in shares of Cemex by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after purchasing an additional 3,062 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.
Cemex Stock Down 0.4%
NYSE:CX traded down $0.03 during mid-day trading on Friday, reaching $6.81. The stock had a trading volume of 8,300,801 shares, compared to its average volume of 11,938,667. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.40. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $7.34. The stock's 50 day simple moving average is $6.63 and its two-hundred day simple moving average is $6.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.60.
Cemex (NYSE:CX - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. Cemex had a return on equity of 6.47% and a net margin of 8.84%. The company had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, June 17th. Cemex's dividend payout ratio is presently 8.33%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on CX shares. Bradesco Corretora set a $7.50 price target on shares of Cemex and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Morgan Stanley lowered Cemex from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Itau BBA Securities cut Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Cemex from a "hold" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Royal Bank Of Canada lifted their price objective on Cemex from $5.00 to $5.25 and gave the stock an "underperform" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Cemex has a consensus rating of "Hold" and an average price target of $7.58.
Check Out Our Latest Stock Analysis on Cemex
About Cemex
(
Free Report)
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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