Mmbg Investment Advisors CO. Has $7.84 Million Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Mmbg Investment Advisors CO. boosted its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 51.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,389,427 shares of the construction company's stock after purchasing an additional 469,427 shares during the quarter. CEMEX comprises about 0.8% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 25th largest holding. Mmbg Investment Advisors CO. owned about 0.10% of CEMEX worth $7,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Dodge & Cox boosted its stake in CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock worth $279,868,000 after purchasing an additional 48,942,309 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of CEMEX by 3.2% in the fourth quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company's stock valued at $207,757,000 after purchasing an additional 1,127,293 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of CEMEX by 745.6% during the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after buying an additional 23,576,914 shares during the period. Brandes Investment Partners LP grew its holdings in shares of CEMEX by 33.7% during the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock worth $136,679,000 after buying an additional 6,110,857 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in CEMEX in the 4th quarter valued at approximately $86,056,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

CX has been the subject of a number of recent research reports. Royal Bank of Canada upped their price target on CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a research report on Tuesday, April 29th. Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. StockNews.com raised shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. The Goldman Sachs Group boosted their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.58.

CEMEX Price Performance

Shares of CEMEX stock traded up $0.05 during trading on Thursday, reaching $6.87. 12,872,577 shares of the company's stock were exchanged, compared to its average volume of 11,285,169. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $7.97. The company has a market cap of $9.96 billion, a P/E ratio of 10.90 and a beta of 1.41. The firm's 50-day moving average price is $5.82 and its 200 day moving average price is $5.82.

CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The firm had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Dividend Announcement

The business 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 of this dividend was Monday, March 10th. CEMEX's dividend payout ratio is currently 8.33%.

CEMEX 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.