Marshall Wace LLP Purchases 2,381,687 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Marshall Wace LLP grew its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 1,505.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,539,938 shares of the construction company's stock after purchasing an additional 2,381,687 shares during the period. Marshall Wace LLP owned approximately 0.18% of CEMEX worth $14,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock valued at $88,093,000 after buying an additional 7,986,204 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of CEMEX by 46.5% during the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company's stock worth $319,000 after purchasing an additional 16,585 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 3,062 shares in the last quarter. Natixis Advisors LLC raised its position in CEMEX by 13.6% in the 4th quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock worth $2,023,000 after purchasing an additional 43,089 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in CEMEX by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock worth $21,790,000 after buying an additional 53,269 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded CEMEX from a "buy" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada dropped their price objective on CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a report on Monday, April 14th. Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group increased their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.40.

CEMEX Trading Up 4.9 %

CX traded up $0.28 during mid-day trading on Friday, hitting $5.97. The stock had a trading volume of 18,726,938 shares, compared to its average volume of 10,753,257. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $8.31. 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 capitalization of $8.65 billion, a price-to-earnings ratio of 9.48 and a beta of 1.28.

CEMEX (NYSE:CX - Get Free Report) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS 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 of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is currently 12.70%.

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.