Jump Financial LLC Decreases Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Jump Financial LLC reduced its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,794 shares of the construction company's stock after selling 1,597,175 shares during the period. Jump Financial LLC's holdings in CEMEX were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after acquiring an additional 3,062 shares in the last quarter. Barclays PLC boosted its stake in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after buying an additional 1,843 shares during the last quarter. Townsquare Capital LLC bought a new stake in CEMEX in the 4th quarter worth approximately $57,000. Franklin Resources Inc. bought a new position in shares of CEMEX during the 4th quarter valued at approximately $63,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in 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 last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Stock Up 4.9 %

Shares of CEMEX stock traded up $0.28 during trading on Friday, hitting $5.97. 18,726,938 shares of the stock traded hands, compared to its average volume of 10,753,257. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock's fifty day simple moving average is $5.82 and its 200 day simple moving average is $5.78. The firm has a market cap of $8.65 billion, a P/E ratio of 9.48 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a 52-week low of $4.89 and a 52-week high of $8.31.

CEMEX (NYSE:CX - Get Free Report) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio is currently 12.70%.

Analyst Ratings Changes

CX has been the topic of several analyst reports. StockNews.com cut CEMEX from a "buy" rating to a "hold" rating in a research note on Friday. Royal Bank of Canada decreased their price objective on shares of CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group boosted their price objective on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Morgan Stanley lowered CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Finally, Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the stock a "neutral" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $7.40.

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.