RWC Asset Management LLP Purchases 1,848,597 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

RWC Asset Management LLP grew its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,862,677 shares of the construction company's stock after purchasing an additional 1,848,597 shares during the period. CEMEX makes up approximately 1.7% of RWC Asset Management LLP's investment portfolio, making the stock its 15th biggest position. RWC Asset Management LLP owned 0.40% of CEMEX worth $33,065,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock worth $88,093,000 after purchasing an additional 7,986,204 shares during the last quarter. GFS Advisors LLC raised its stake in CEMEX by 1,505.0% during the third quarter. GFS Advisors LLC now owns 166,427 shares of the construction company's stock worth $1,015,000 after purchasing an additional 156,058 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of CEMEX by 8.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company's stock worth $60,327,000 after purchasing an additional 807,394 shares during the period. Loomis Sayles & Co. L P increased its holdings in CEMEX by 63.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company's stock valued at $32,927,000 after purchasing an additional 2,090,688 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in CEMEX by 46.5% in 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. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CX shares. Barclays dropped their target price on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada lifted their target price on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. cut CEMEX from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $7.00 to $6.00 in a research note on Tuesday, October 29th. Finally, Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, CEMEX presently has an average rating of "Hold" and a consensus target price of $7.82.

CEMEX Stock Performance

Shares of NYSE CX opened at $6.54 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a fifty day moving average price of $5.92 and a two-hundred day moving average price of $5.91. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The firm has a market cap of $9.47 billion, a P/E ratio of 10.37 and a beta of 1.49.

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

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX's dividend payout ratio is 9.52%.

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.

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