Capital Fund Management S.A. Has $3.67 Million Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Capital Fund Management S.A. lifted its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 25.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 649,769 shares of the construction company's stock after acquiring an additional 133,303 shares during the period. Capital Fund Management S.A.'s holdings in CEMEX were worth $3,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CX. Raymond James Financial Inc. bought a new stake in CEMEX in the 4th quarter valued at $1,427,000. Bank of Montreal Can increased its position in shares of CEMEX by 22.2% during the 4th quarter. Bank of Montreal Can now owns 46,534 shares of the construction company's stock worth $262,000 after purchasing an additional 8,453 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of CEMEX by 6.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 716,800 shares of the construction company's stock worth $4,043,000 after acquiring an additional 46,330 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of CEMEX by 62.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,330,556 shares of the construction company's stock worth $13,144,000 after purchasing an additional 900,200 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in CEMEX by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,142,193 shares of the construction company's stock valued at $6,442,000 after acquiring an additional 51,967 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Up 3.9 %

CX traded up $0.21 during trading on Friday, reaching $5.41. 10,945,853 shares of the stock were exchanged, compared to its average volume of 10,562,059. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The stock's 50 day moving average price is $5.95 and its two-hundred day moving average price is $5.80. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.35. The stock has a market cap of $7.83 billion, a P/E ratio of 8.58 and a beta of 1.28.

CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Equities analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The business also recently declared 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 (DPR) is currently 12.70%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CX. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. StockNews.com upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Wednesday. Royal Bank of Canada cut their price target on CEMEX from $6.00 to $5.00 and set an "underperform" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group boosted 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, Bradesco Corretora set a $7.50 price target on CEMEX and gave the stock a "neutral" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CEMEX presently has an average rating of "Hold" and an average target price of $7.63.

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.