River Global Investors LLP Has $1.67 Million Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

River Global Investors LLP decreased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 47.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,831 shares of the construction company’s stock after selling 272,342 shares during the quarter. River Global Investors LLP’s holdings in CEMEX were worth $1,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. 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. Barclays PLC raised its position in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in shares of CEMEX during the third quarter valued at about $70,000. Banco Santander S.A. bought a new stake in shares of CEMEX during the fourth quarter worth about $78,000. Finally, Holistic Financial Partners increased its stake in shares of CEMEX by 25.0% in the fourth quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock valued at $79,000 after buying an additional 2,787 shares during the period. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CX. Royal Bank of Canada boosted their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.82.

CEMEX Stock Down 4.4 %

CEMEX stock opened at $6.08 on Friday. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 9.66 and a beta of 1.49. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. 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 firm has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $5.90.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share 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%. Equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.0207 dividend. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s dividend payout ratio is 9.52%.

CEMEX 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.