CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. increased its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 51.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,389,427 shares of the construction company's stock after purchasing an additional 469,427 shares during the quarter. CEMEX accounts for approximately 0.8% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 25th largest holding. Mmbg Investment Advisors CO. owned 0.10% of CEMEX worth $7,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in 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 acquiring an additional 3,062 shares during the period. Barclays PLC lifted its holdings in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after acquiring an additional 1,843 shares during the period. Townsquare Capital LLC acquired a new position in CEMEX in the fourth quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new position in CEMEX in the fourth quarter valued at approximately $59,000. Finally, Franklin Resources Inc. acquired a new position in CEMEX in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Price Performance

Shares of CEMEX stock traded up $0.01 on Friday, reaching $6.86. The company's stock had a trading volume of 9,883,043 shares, compared to its average volume of 11,296,761. The company has a market capitalization of $9.93 billion, a P/E ratio of 10.88 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 52-week low of $4.89 and a 52-week high of $7.90. The stock has a 50-day moving average price of $5.86 and a 200-day moving average price of $5.84. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The business had revenue of $186.46 million during the quarter, compared to analysts' expectations of $214.59 million. Analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio is currently 8.33%.

Analyst Ratings Changes

CX has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. The Goldman Sachs Group boosted their price target on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price target on CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a report on Tuesday, April 29th. Finally, StockNews.com upgraded CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.58.

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.