Icon Advisers Inc. Co. Has $3.67 Million Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Icon Advisers Inc. Co. lessened its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 25.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 650,000 shares of the construction company's stock after selling 220,000 shares during the period. Icon Advisers Inc. Co.'s holdings in CEMEX were worth $3,666,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in CEMEX by 30.4% in the 3rd quarter. Stifel Financial Corp now owns 100,406 shares of the construction company's stock valued at $612,000 after purchasing an additional 23,388 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of CEMEX by 39.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company's stock valued at $92,000 after buying an additional 4,306 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of CEMEX by 65.8% during the 3rd quarter. MML Investors Services LLC now owns 20,706 shares of the construction company's stock worth $126,000 after acquiring an additional 8,221 shares during the period. Barclays PLC increased its holdings in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after acquiring an additional 1,843 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in CEMEX by 46.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company's stock valued at $319,000 after acquiring an additional 16,585 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Trading Up 3.9 %

CEMEX stock traded up $0.21 during mid-day trading on Friday, hitting $5.41. 10,945,853 shares of the stock were exchanged, compared to its average volume of 10,562,059. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm's fifty day simple moving average is $5.95 and its two-hundred day simple moving average is $5.80. CEMEX, S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $8.35. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 8.58 and a beta of 1.28.

CEMEX (NYSE:CX - Get Free Report) last announced its earnings results 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%. 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 announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is presently 12.70%.

Analyst Ratings Changes

Several brokerages recently commented on CX. StockNews.com upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research note on Wednesday. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Royal Bank of Canada lowered their price target on CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a "neutral" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.63.

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.