Marshall Wace LLP Grows Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Marshall Wace LLP boosted its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 1,505.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,539,938 shares of the construction company's stock after buying an additional 2,381,687 shares during the quarter. Marshall Wace LLP owned approximately 0.18% of CEMEX worth $14,325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CX. IFP Advisors Inc grew 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 valued at $28,000 after acquiring an additional 3,062 shares during the period. Barclays PLC grew its position in shares of CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after purchasing an additional 1,843 shares during the period. Townsquare Capital LLC purchased a new stake in shares of CEMEX during the fourth quarter worth about $57,000. Franklin Resources Inc. purchased a new stake in shares of CEMEX during the fourth quarter worth about $63,000. Finally, Envestnet Portfolio Solutions Inc. raised its position 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 purchasing an additional 2,720 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Trading Up 1.8 %

CX stock traded up $0.10 during mid-day trading on Thursday, hitting $5.71. 14,062,403 shares of the company were exchanged, compared to its average volume of 10,720,457. CEMEX, S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $8.31. The firm has a market capitalization of $8.27 billion, a P/E ratio of 9.06 and a beta of 1.28. The business has a fifty day simple moving average of $5.83 and a 200-day simple moving average of $5.78. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

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 analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, equities research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is currently 12.70%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CX. The Goldman Sachs Group increased their target price on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Morgan Stanley lowered CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. Royal Bank of Canada dropped their target price on shares of CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a report on Monday, April 14th. StockNews.com raised shares of CEMEX from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. 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, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, CEMEX has an average rating of "Hold" and an average price target 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.