CEMEX, S.A.B. de C.V. (NYSE:CX) Short Interest Update

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 17,930,000 shares, a drop of 17.1% from the February 28th total of 21,640,000 shares. Based on an average daily volume of 10,300,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.2% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CX. Royal Bank of Canada boosted their target price on shares of CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Morgan Stanley lowered CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group raised their price objective on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.82.

CEMEX Stock Down 7.3 %

Shares of NYSE CX traded down $0.41 during mid-day trading on Friday, reaching $5.15. The company had a trading volume of 47,618,384 shares, compared to its average volume of 9,994,597. The stock has a market capitalization of $7.47 billion, a PE ratio of 8.18 and a beta of 1.28. CEMEX has a twelve month low of $4.97 and a twelve month high of $9.00. 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 is $6.16 and its 200-day moving average is $5.87.

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CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio is 12.70%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake 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 buying an additional 1,843 shares during the last quarter. Cetera Investment Advisers lifted its position in CEMEX by 8.4% during the 4th quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company's stock worth $179,000 after acquiring an additional 2,452 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in CEMEX by 26.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock valued at $73,000 after acquiring an additional 2,720 shares during the period. Holistic Financial Partners grew its position in shares of CEMEX by 25.0% in the fourth quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock valued at $79,000 after purchasing an additional 2,787 shares during the last quarter. Finally, 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 purchasing an additional 3,062 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

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.