RWC Asset Management LLP Acquires 503,532 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

RWC Asset Management LLP increased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,818,540 shares of the construction company's stock after purchasing an additional 503,532 shares during the quarter. CEMEX makes up approximately 2.2% of RWC Asset Management LLP's holdings, making the stock its 15th largest holding. RWC Asset Management LLP owned about 0.33% of CEMEX worth $30,790,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital International Investors grew its stake in shares of CEMEX by 0.5% in the fourth quarter. Capital International Investors now owns 28,003,151 shares of the construction company's stock worth $217,024,000 after purchasing an additional 152,587 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $33,858,000 after purchasing an additional 146,327 shares during the last quarter. Axiom Investors LLC DE boosted its position in CEMEX by 10.2% during the 4th quarter. Axiom Investors LLC DE now owns 6,660,570 shares of the construction company's stock valued at $51,619,000 after acquiring an additional 614,520 shares in the last quarter. Wellington Management Group LLP boosted its position in CEMEX by 76.4% during the 4th quarter. Wellington Management Group LLP now owns 444,262 shares of the construction company's stock valued at $3,443,000 after acquiring an additional 192,399 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in CEMEX by 25.9% during the 1st quarter. BNP Paribas Financial Markets now owns 1,296,403 shares of the construction company's stock valued at $11,681,000 after acquiring an additional 267,074 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CX shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $8.00 price objective on shares of CEMEX in a research report on Wednesday, August 21st. StockNews.com raised CEMEX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 18th. The Goldman Sachs Group started coverage on CEMEX in a research report on Wednesday, July 10th. They set a "buy" rating and a $9.00 price objective on the stock. Barclays raised CEMEX from an "equal weight" rating to an "overweight" rating and set a $9.00 price objective on the stock in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada assumed coverage on CEMEX in a research report on Tuesday, May 14th. They set an "underperform" rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.70.

CEMEX Stock Down 2.9 %

Shares of CX stock traded down $0.18 during trading hours on Tuesday, hitting $5.95. 13,236,474 shares of the company's stock traded hands, compared to its average volume of 7,964,337. The stock's fifty day simple moving average is $6.36 and its two-hundred day simple moving average is $7.34. CEMEX, S.A.B. de C.V. has a 12-month low of $5.66 and a 12-month high of $9.27. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 43.79 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53.

CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. The firm had revenue of $4.49 billion during the quarter. On average, analysts expect that CEMEX, S.A.B. de C.V. will post 0.84 EPS for the current year.

CEMEX Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a $0.349 dividend. The ex-dividend date was Monday, June 17th. CEMEX's payout ratio is currently 14.29%.

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.