CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Holdings Boosted by IPG Investment Advisors LLC

IPG Investment Advisors LLC grew its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 141.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,525,493 shares of the construction company's stock after purchasing an additional 2,065,469 shares during the quarter. CEMEX comprises about 4.5% of IPG Investment Advisors LLC's portfolio, making the stock its 6th biggest position. IPG Investment Advisors LLC owned approximately 0.24% of CEMEX worth $19,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after acquiring an additional 3,062 shares in the last quarter. Barclays PLC boosted its position in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Aureus Asset Management LLC acquired a new stake in shares of CEMEX in the 3rd quarter valued at about $70,000. Envestnet Portfolio Solutions Inc. increased its position in CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock valued at $73,000 after buying an additional 2,720 shares in the last quarter. Finally, Banco Santander S.A. acquired a new position in CEMEX during the 4th quarter worth approximately $78,000. Institutional investors own 82.97% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently commented on CX shares. The Goldman Sachs Group boosted their price objective 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 upped their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, CEMEX has a consensus rating of "Hold" and an average target price of $7.82.

CEMEX Stock Down 1.2 %

CX stock traded down $0.07 during trading on Thursday, reaching $5.62. The stock had a trading volume of 13,777,284 shares, compared to its average volume of 9,776,300. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 8.92 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The company's 50 day moving average is $6.18 and its two-hundred day moving average is $5.89.

CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Equities research analysts forecast 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 given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is currently 12.70%.

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.