CEMEX, S.A.B. de C.V. (NYSE:CX) Position Lessened by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 36.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 519,242 shares of the construction company's stock after selling 297,680 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in CEMEX were worth $2,929,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CX. IFP Advisors Inc increased its stake 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 worth $28,000 after buying an additional 3,062 shares during the last quarter. Barclays PLC raised its holdings in shares of 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 acquiring an additional 1,843 shares during the period. Townsquare Capital LLC purchased a new stake in shares of CEMEX during the fourth quarter worth $57,000. Dark Forest Capital Management LP bought a new stake in CEMEX during the fourth quarter worth approximately $59,000. Finally, Franklin Resources Inc. acquired a new stake in shares of CEMEX during the 4th quarter worth approximately $63,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CEMEX Stock Performance

CEMEX stock traded up $0.04 during midday trading on Thursday, hitting $6.46. 18,323,114 shares of the company were exchanged, compared to its average volume of 11,046,073. The firm has a market capitalization of $9.35 billion, a PE ratio of 10.25 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $8.10. The business has a fifty day simple moving average of $5.78 and a two-hundred day simple moving average of $5.80. 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 (NYSE:CX - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The business had revenue of $186.46 million during the quarter, compared to analyst estimates of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio is presently 8.33%.

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.