Shay Capital LLC Has $494,000 Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Shay Capital LLC decreased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,500 shares of the construction company's stock after selling 70,750 shares during the quarter. Shay Capital LLC's holdings in CEMEX were worth $494,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CX. IFP Advisors Inc boosted its holdings in shares of CEMEX by 159.1% during the 4th 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 period. Barclays PLC boosted its holdings in CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after purchasing an additional 1,843 shares during the period. Townsquare Capital LLC bought a new stake in CEMEX in the 4th quarter valued at $57,000. Dark Forest Capital Management LP bought a new stake in CEMEX in the 4th quarter valued at $59,000. Finally, Raiffeisen Bank International AG bought a new stake in CEMEX in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Price Performance

Shares of CEMEX stock traded up $0.14 during mid-day trading on Tuesday, reaching $7.04. 11,150,621 shares of the stock were exchanged, compared to its average volume of 11,363,774. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 11.17 and a beta of 1.41. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $7.84. The firm has a 50-day simple moving average of $5.90 and a 200 day simple moving average of $5.87.

CEMEX (NYSE:CX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The business had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. On average, sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.