Oaktree Capital Management LP Sells 100,000 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Oaktree Capital Management LP lowered its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,589,032 shares of the construction company's stock after selling 100,000 shares during the period. CEMEX comprises 1.5% of Oaktree Capital Management LP's investment portfolio, making the stock its 15th biggest position. Oaktree Capital Management LP owned approximately 1.01% of CEMEX worth $82,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in CEMEX during the third quarter worth approximately $306,000. BNP Paribas Financial Markets lifted its position in CEMEX by 166.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company's stock worth $24,873,000 after acquiring an additional 2,549,852 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of CEMEX in the 3rd quarter valued at approximately $190,346,000. Hantz Financial Services Inc. increased its holdings in shares of CEMEX by 12.6% in the third quarter. Hantz Financial Services Inc. now owns 192,392 shares of the construction company's stock valued at $1,174,000 after purchasing an additional 21,503 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of CEMEX by 12.8% during the third quarter. Rockefeller Capital Management L.P. now owns 555,959 shares of the construction company's stock worth $3,391,000 after purchasing an additional 63,274 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, CEMEX presently has a consensus rating of "Hold" and a consensus price target of $7.82.

CEMEX Stock Performance

Shares of NYSE:CX traded down $0.07 during trading hours on Thursday, hitting $5.62. The stock had a trading volume of 13,777,284 shares, compared to its average volume of 10,382,618. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.24. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 8.92 and a beta of 1.28. The stock's fifty day simple moving average is $6.18 and its 200 day simple moving average is $5.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82.

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

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio is 12.70%.

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.