307,584 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC bought a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 307,584 shares of the construction company's stock, valued at approximately $1,735,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CX. JPMorgan Chase & Co. raised its stake in CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock valued at $88,093,000 after buying an additional 7,986,204 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of CEMEX by 46.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company's stock valued at $319,000 after acquiring an additional 16,585 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of CEMEX by 159.1% during 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 in the last quarter. Natixis Advisors LLC boosted its holdings in shares of CEMEX by 13.6% during the 4th quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock valued at $2,023,000 after acquiring an additional 43,089 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of CEMEX by 30.5% during the 4th quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock valued at $174,000 after acquiring an additional 7,232 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CX. Morgan Stanley lowered CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. StockNews.com downgraded CEMEX from a "buy" rating to a "hold" rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7.82.

CEMEX Stock Down 3.5 %

CEMEX stock traded down $0.19 during trading hours on Thursday, hitting $5.15. 4,039,226 shares of the stock traded hands, compared to its average volume of 10,228,162. The firm's 50-day moving average price is $6.09 and its two-hundred day moving average price is $5.84. CEMEX, S.A.B. de C.V. has a one year low of $4.89 and a one year high of $8.75. The company has a market cap of $7.46 billion, a PE ratio of 8.18 and a beta of 1.28. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

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

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.