CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Holdings Lessened by Marathon Asset Management Ltd

Marathon Asset Management Ltd reduced its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,269,621 shares of the construction company's stock after selling 73,688 shares during the period. Marathon Asset Management Ltd owned approximately 0.50% of CEMEX worth $41,000,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of CEMEX in the third quarter valued at about $190,346,000. JPMorgan Chase & Co. boosted its holdings in CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock worth $88,093,000 after acquiring an additional 7,986,204 shares during the period. RWC Asset Advisors US LLC grew its position in CEMEX by 6.4% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company's stock valued at $67,903,000 after acquiring an additional 719,735 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake 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 valued at $60,327,000 after purchasing an additional 807,394 shares during the period. Finally, RWC Asset Management LLP raised its stake in shares of CEMEX by 46.1% during the fourth quarter. RWC Asset Management LLP now owns 5,862,677 shares of the construction company's stock valued at $33,065,000 after purchasing an additional 1,848,597 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CX shares. Royal Bank of Canada raised their price target on shares of CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a report on Monday, February 10th. The Goldman Sachs Group raised their target price on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.82.

CEMEX Stock Up 1.5 %

NYSE CX traded up $0.10 during trading hours on Thursday, reaching $6.36. 8,731,970 shares of the company traded hands, compared to its average volume of 9,412,389. The stock has a market capitalization of $9.21 billion, a PE ratio of 10.09 and a beta of 1.49. 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, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27. The company has a 50 day moving average of $6.02 and a two-hundred day moving average of $5.90.

CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate 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, equities analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a $0.0207 dividend. The ex-dividend date is Monday, March 10th. CEMEX's dividend payout ratio (DPR) is 9.52%.

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.