Sei Investments Co. Has $24.68 Million Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Sei Investments Co. lifted its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 11.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,862,431 shares of the construction company's stock after purchasing an additional 398,843 shares during the quarter. Sei Investments Co. owned about 0.27% of CEMEX worth $24,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ballentine Partners LLC grew its holdings in CEMEX by 6.9% in the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company's stock valued at $190,000 after purchasing an additional 1,358 shares during the last quarter. Aprio Wealth Management LLC grew its stake in CEMEX by 8.9% in the 1st quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company's stock valued at $158,000 after acquiring an additional 1,431 shares during the last quarter. Parallel Advisors LLC increased its holdings in CEMEX by 11.5% during the 4th quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company's stock valued at $109,000 after acquiring an additional 1,443 shares in the last quarter. CWM LLC raised its position in CEMEX by 75.0% during the first quarter. CWM LLC now owns 3,514 shares of the construction company's stock worth $32,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in CEMEX by 6.3% during the first quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company's stock worth $241,000 after acquiring an additional 1,600 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $8.00 price objective on shares of CEMEX in a research note on Wednesday, August 21st. StockNews.com raised shares of CEMEX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 18th. Barclays raised shares of CEMEX from an "equal weight" rating to an "overweight" rating and set a $9.00 price objective on the stock in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group started coverage on shares of CEMEX in a research note on Wednesday, July 10th. They issued a "buy" rating and a $9.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $8.70.

CEMEX Stock Down 1.9 %

CX stock traded down $0.12 during mid-day trading on Wednesday, hitting $6.35. 5,182,602 shares of the company were exchanged, compared to its average volume of 8,335,673. The firm has a fifty day simple moving average of $6.23 and a 200 day simple moving average of $7.13. The company has a market capitalization of $9.20 billion, a PE ratio of 45.50 and a beta of 1.48. CEMEX, S.A.B. de C.V. has a twelve month low of $5.50 and a twelve month high of $9.27. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. The firm had revenue of $4.49 billion during the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. On average, research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.82 earnings per share for the current fiscal year.

CEMEX Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were issued a $0.021 dividend. This represents a yield of 0.7%. The ex-dividend date was Friday, September 13th. CEMEX's dividend payout ratio is presently 28.57%.

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.