GFS Advisors LLC Has $1.02 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

GFS Advisors LLC lifted its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 1,505.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 166,427 shares of the construction company's stock after acquiring an additional 156,058 shares during the period. GFS Advisors LLC's holdings in CEMEX were worth $1,015,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in CEMEX by 0.6% during the second quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company's stock valued at $127,697,000 after buying an additional 112,479 shares in the last quarter. AQR Capital Management LLC increased its holdings in CEMEX by 28.4% in the second quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company's stock worth $121,113,000 after buying an additional 4,217,562 shares during the last quarter. RWC Asset Advisors US LLC boosted its position in CEMEX by 32.3% during the second quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company's stock worth $99,398,000 after purchasing an additional 3,796,262 shares during the period. Perpetual Ltd boosted its position in CEMEX by 12.6% during the third quarter. Perpetual Ltd now owns 10,014,640 shares of the construction company's stock worth $61,089,000 after purchasing an additional 1,117,379 shares during the period. Finally, Marathon Asset Management Ltd boosted its position in CEMEX by 6.2% during the third quarter. Marathon Asset Management Ltd now owns 7,343,309 shares of the construction company's stock worth $44,794,000 after purchasing an additional 426,357 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Stock Down 0.8 %

Shares of CX traded down $0.04 on Friday, hitting $5.18. The company's stock had a trading volume of 8,165,033 shares, compared to its average volume of 9,987,562. The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average price is $5.96 and its 200-day moving average price is $6.61. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.17 and a fifty-two week high of $9.27. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 17.27 and a beta of 1.50.

CEMEX Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a $0.021 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX's dividend payout ratio is presently 13.33%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CX. Royal Bank of Canada reduced their price objective on CEMEX from $6.50 to $6.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 29th. StockNews.com cut CEMEX from a "strong-buy" rating to a "buy" rating in a report on Friday, October 11th. Barclays cut their price target on CEMEX from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut CEMEX from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $7.00 to $6.00 in a report on Tuesday, October 29th. Finally, Scotiabank decreased their target price on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.82.

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.