Walnut Level Capital LLC Makes New Investment in CEMEX, S.A.B. de C.V. (NYSE:CX)

Walnut Level Capital LLC acquired a new stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,000 shares of the construction company's stock, valued at approximately $423,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in CEMEX during the 3rd quarter valued at about $190,346,000. Brandes Investment Partners LP grew its position in shares of CEMEX by 33.7% in the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock worth $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. raised its holdings in shares of CEMEX by 123.7% during the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock valued at $88,093,000 after acquiring an additional 7,986,204 shares in the last quarter. Finally, RWC Asset Advisors US LLC lifted its stake in CEMEX by 6.4% in the fourth 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. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CX. Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada increased their target price on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. One research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.82.

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CEMEX Stock Down 5.9 %

CX traded down $0.36 during midday trading on Friday, reaching $5.67. The company's stock had a trading volume of 20,251,368 shares, compared to its average volume of 9,774,344. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 8.99 and a beta of 1.45. The stock's 50-day moving average is $6.17 and its 200-day moving average is $5.89. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27.

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

CEMEX Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) 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.