Russell Investments Group Ltd. Has $10.94 Million Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Russell Investments Group Ltd. reduced its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,940,384 shares of the construction company's stock after selling 276,228 shares during the period. Russell Investments Group Ltd. owned 0.13% of CEMEX worth $10,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings 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 buying an additional 3,062 shares during the last quarter. Barclays PLC grew its position in shares of 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 acquiring an additional 1,843 shares during the period. Franklin Resources Inc. acquired a new position in shares of CEMEX during the 4th quarter worth about $63,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of 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 purchasing an additional 2,720 shares during the period. Finally, Banco Santander S.A. acquired a new stake in CEMEX in the 4th quarter valued at about $78,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CX shares. StockNews.com lowered CEMEX from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group increased 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. Finally, Royal Bank of Canada dropped their price objective on shares of CEMEX from $6.00 to $5.00 and set an "underperform" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.65.

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CEMEX Stock Performance

Shares of NYSE:CX traded up $0.15 on Monday, reaching $5.33. 20,318,967 shares of the company's stock were exchanged, compared to its average volume of 10,484,779. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.71. The company has a fifty day moving average of $6.03 and a 200-day moving average of $5.81. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 8.46 and a beta of 1.28. 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 (NYSE:CX - Get Free Report) last released its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share 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%. On average, research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 12.70%.

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.