Jump Financial LLC lessened its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 88.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,794 shares of the construction company's stock after selling 1,597,175 shares during the period. Jump Financial LLC's holdings in CEMEX were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after buying an additional 1,843 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock worth $73,000 after acquiring an additional 2,720 shares during the last quarter. Holistic Financial Partners increased its stake in CEMEX by 25.0% in the fourth quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock worth $79,000 after purchasing an additional 2,787 shares during the period. IFP Advisors Inc increased its stake in CEMEX by 159.1% in the 4th 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 period. Finally, Avantax Advisory Services Inc. boosted its position in CEMEX by 32.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company's stock valued at $82,000 after buying an additional 3,558 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.
CEMEX Trading Up 4.8 %
CEMEX stock traded up $0.28 during trading on Friday, hitting $5.97. The company had a trading volume of 13,836,361 shares, compared to its average volume of 10,751,917. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $8.31. The company's 50 day simple moving average is $5.83 and its 200-day simple moving average is $5.78. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 9.47 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 announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.
CEMEX Dividend Announcement
The business also recently announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's payout ratio is currently 12.70%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on CX shares. Bradesco Corretora set a $7.50 target price on CEMEX and gave the stock a "neutral" rating in a report on Tuesday, April 15th. StockNews.com downgraded CEMEX from a "buy" rating to a "hold" rating in a research report on Friday. The Goldman Sachs Group boosted their target price on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. 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. Finally, Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CEMEX presently has a consensus rating of "Hold" and a consensus target price of $7.40.
Read Our Latest Stock Report on CEMEX
About CEMEX
(
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.
Featured Stories
Before you consider CEMEX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CEMEX wasn't on the list.
While CEMEX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
