Connor Clark & Lunn Investment Management Ltd. reduced its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 485,788 shares of the construction company's stock after selling 82,445 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in CEMEX were worth $2,740,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in shares of CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after purchasing an additional 3,062 shares during the period. Barclays PLC increased its position in shares of CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after purchasing an additional 1,843 shares during the period. Aureus Asset Management LLC bought a new stake in shares of CEMEX during the third quarter valued at approximately $70,000. Banco Santander S.A. bought a new stake in shares of CEMEX during the fourth quarter valued at approximately $78,000. Finally, Holistic Financial Partners increased its position in shares of CEMEX by 25.0% during 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 period. 82.97% of the stock is owned by institutional investors.
CEMEX Price Performance
NYSE:CX traded down $0.13 during trading hours on Friday, reaching $5.91. The company had a trading volume of 12,951,032 shares, compared to its average volume of 9,632,586. The stock has a 50-day moving average of $6.10 and a two-hundred day moving average of $5.88. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The firm has a market capitalization of $8.56 billion, a PE ratio of 9.37 and a beta of 1.45. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.
CEMEX (NYSE:CX - Get Free Report) last announced its quarterly 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%. Analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.
CEMEX Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders 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 is currently 12.70%.
Analysts Set New Price Targets
CX has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. 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 research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, CEMEX presently has an average rating of "Hold" and a consensus price target of $7.82.
Read Our Latest Analysis on CEMEX
CEMEX Profile
(
Free Report)
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.
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