47,561 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Bought by Choreo LLC

Choreo LLC bought a new position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 47,561 shares of the construction company's stock, valued at approximately $268,000.

Several other institutional investors have also recently made changes to their positions in CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of CEMEX in the 3rd quarter worth approximately $190,346,000. JPMorgan Chase & Co. grew its stake in shares of CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock worth $88,093,000 after buying an additional 7,986,204 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of CEMEX by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company's stock worth $60,327,000 after buying an additional 807,394 shares during the last quarter. Marathon Asset Management Ltd grew its stake in shares of CEMEX by 6.2% in the 3rd quarter. Marathon Asset Management Ltd now owns 7,343,309 shares of the construction company's stock worth $44,794,000 after buying an additional 426,357 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in shares of CEMEX by 63.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company's stock worth $32,927,000 after buying an additional 2,090,688 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on CX shares. Barclays cut their target price on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Scotiabank cut their target price on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada increased their target price on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. downgraded CEMEX from an "overweight" rating to a "neutral" rating and cut their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.82.

CEMEX Stock Performance

Shares of NYSE CX traded up $0.01 during midday trading on Tuesday, hitting $6.72. 2,647,890 shares of the stock traded hands, compared to its average volume of 9,731,282. The firm has a 50-day moving average of $5.84 and a two-hundred day moving average of $5.89. The firm has a market capitalization of $9.73 billion, a P/E ratio of 10.67 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.82% and a net margin of 5.70%. On average, equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.76 EPS for the current fiscal year.

CEMEX Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX's dividend payout ratio is currently 9.52%.

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.