Moneda S.A. Administradora General de Fondos Makes New $4.05 Million Investment in CEMEX, S.A.B. de C.V. (NYSE:CX)

Moneda S.A. Administradora General de Fondos bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 717,736 shares of the construction company's stock, valued at approximately $4,048,000. CEMEX comprises approximately 4.2% of Moneda S.A. Administradora General de Fondos' investment portfolio, making the stock its 8th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC lifted its holdings in CEMEX by 19.4% in the 4th quarter. Schechter Investment Advisors LLC now owns 148,644 shares of the construction company's stock valued at $838,000 after purchasing an additional 24,199 shares in the last quarter. US Bancorp DE lifted its stake in shares of CEMEX by 866.4% in the 4th quarter. US Bancorp DE now owns 76,945 shares of the construction company's stock valued at $434,000 after purchasing an additional 68,983 shares in the last quarter. QRG Capital Management Inc. grew its stake in CEMEX by 30.5% during the fourth quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock worth $174,000 after buying an additional 7,232 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of CEMEX by 14.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 64,333 shares of the construction company's stock valued at $363,000 after acquiring an additional 7,976 shares in the last quarter. Finally, Holistic Financial Partners boosted its position in shares of 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 buying an additional 2,787 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

CX has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada boosted their price target on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.82.

CEMEX Stock Performance

CX stock traded down $0.28 during trading on Friday, reaching $6.08. 13,265,742 shares of the company's stock were exchanged, compared to its average volume of 9,443,243. The firm has a market cap of $8.81 billion, a PE ratio of 9.66 and a beta of 1.49. 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, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27. The company's fifty day moving average price is $6.03 and its 200-day moving average price is $5.90.

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

CEMEX Announces Dividend

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

CEMEX 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.