CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,130,644 shares of the construction company's stock after selling 320,747 shares during the period. Hosking Partners LLP owned about 0.35% of CEMEX worth $28,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CX. Creative Planning increased its stake in shares of CEMEX by 13.7% during the third quarter. Creative Planning now owns 197,992 shares of the construction company's stock worth $1,208,000 after buying an additional 23,896 shares during the period. Private Advisor Group LLC increased its position in shares of CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company's stock valued at $164,000 after purchasing an additional 3,441 shares during the last quarter. Allworth Financial LP increased its position in shares of CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock valued at $40,000 after purchasing an additional 1,747 shares during the last quarter. GFS Advisors LLC raised its holdings in shares of CEMEX by 1,505.0% in the 3rd quarter. GFS Advisors LLC now owns 166,427 shares of the construction company's stock valued at $1,015,000 after purchasing an additional 156,058 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of CEMEX by 8.9% during 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 purchasing an additional 807,394 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

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CEMEX Stock Performance

Shares of NYSE:CX traded up $0.03 on Tuesday, reaching $5.96. The company's stock had a trading volume of 11,248,585 shares, compared to its average volume of 9,385,823. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The stock has a market capitalization of $8.63 billion, a P/E ratio of 9.45 and a beta of 1.49. The stock's 50-day moving average is $6.00 and its two-hundred day moving average is $5.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate 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, sell-side 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 will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX's dividend payout ratio is presently 9.52%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CX. The Goldman Sachs Group raised 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. Royal Bank of Canada raised their target price on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CEMEX has a consensus rating of "Hold" and a consensus price target of $7.82.

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.