Loomis Sayles & Co. L P Acquires 2,090,688 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Loomis Sayles & Co. L P increased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 63.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,397,977 shares of the construction company's stock after purchasing an additional 2,090,688 shares during the period. Loomis Sayles & Co. L P owned approximately 0.37% of CEMEX worth $32,927,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of CEMEX by 4.1% in the first quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company's stock valued at $33,858,000 after purchasing an additional 146,327 shares during the last quarter. Pacer Advisors Inc. bought a new position in CEMEX in the 2nd quarter worth approximately $776,000. GFS Advisors LLC lifted its holdings in shares of CEMEX by 1,505.0% during the third quarter. GFS Advisors LLC now owns 166,427 shares of the construction company's stock worth $1,015,000 after buying an additional 156,058 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CEMEX by 8.9% during the third 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. Finally, AQR Capital Management LLC grew its stake in shares of CEMEX by 28.4% in the second quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company's stock worth $121,113,000 after acquiring an additional 4,217,562 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Trading Down 5.4 %

Shares of CX stock traded down $0.31 on Tuesday, hitting $5.44. The stock had a trading volume of 9,261,820 shares, compared to its average volume of 8,795,386. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. CEMEX, S.A.B. de C.V. has a twelve month low of $5.00 and a twelve month high of $9.27. The company has a fifty day moving average price of $5.83 and a two-hundred day moving average price of $6.32. The firm has a market cap of $7.88 billion, a P/E ratio of 18.13 and a beta of 1.49.

CEMEX Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th were given a dividend of $0.021 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. CEMEX's dividend payout ratio is 13.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CX shares. JPMorgan Chase & Co. cut CEMEX from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank decreased their target price on shares of CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada dropped their price target on shares of CEMEX from $6.50 to $6.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 29th. Barclays decreased their price objective on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com downgraded CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, CEMEX currently has a consensus rating of "Moderate Buy" and an average target price of $7.82.

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.