Sei Investments Co. Increases Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Sei Investments Co. grew its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,150,485 shares of the construction company's stock after purchasing an additional 502,429 shares during the quarter. Sei Investments Co. owned approximately 0.15% of CEMEX worth $12,129,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX in the 3rd quarter valued at about $190,346,000. Brandes Investment Partners LP raised its position in shares of CEMEX by 33.7% in the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock valued at $136,679,000 after buying an additional 6,110,857 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of CEMEX during the fourth quarter valued at approximately $86,056,000. JPMorgan Chase & Co. boosted its position in CEMEX by 123.7% during the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock worth $88,093,000 after acquiring an additional 7,986,204 shares during the last quarter. Finally, RWC Asset Advisors US LLC grew its stake in CEMEX by 6.4% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company's stock worth $67,903,000 after acquiring an additional 719,735 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Remove Ads

CEMEX Trading Down 0.6 %

NYSE:CX traded down $0.04 on Monday, hitting $5.63. 8,884,599 shares of the stock were exchanged, compared to its average volume of 9,770,800. The stock has a fifty day moving average of $6.17 and a 200-day moving average of $5.89. The stock has a market cap of $8.15 billion, a PE ratio of 8.93 and a beta of 1.45. 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, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, equities analysts expect 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 announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's 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.