2 weeks Ago By Defense World Staff
Bank of Montreal Can raised its holdings in shares of CEMEX, S.A.B.
de C.V. (NYSE:CX – Free Report) by 22.
2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,534 shares of the construction company’s stock after acquiring an additional 8,453 shares during the quarter. Bank of Montreal Can’s holdings in CEMEX were worth $262,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CX. Schroder Investment Management Group increased its holdings in CEMEX by 745.6% during the fourth quarter.
Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock worth $150,809,000 after buying an additional 23,576,914 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of CEMEX during the 4th quarter worth about $86,056,000. JPMorgan Chase & Co.
increased its stake in shares of CEMEX by 123.7% during the 3rd 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. Brandes Investment Partners LP raised its holdings 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 valued at $136,679,000 after purchasing an additional 6,110,857 shares during the period. Finally, IPG Investment Advisors LLC lifted its stake in CEMEX by 141.5% in the 4th quarter.
IPG Investment Advisors LLC now owns 3,525,493 shares of the construction company’s stock valued at $19,884,000 after purchasing an additional 2,065,469 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
CEMEX Stock Up 1.8 %Shares of CX opened at $5.71 on Friday.
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 stock has a market capitalization of $8.27 billion, a PE ratio of 9.
06 and a beta of 1.28. The firm’s 50 day moving average is $5.
83 and its 200-day moving average is $5.78. CEMEX, S.
A.B. de C.
V. has a 12 month low of $4.89 and a 12 month high of $8.
31. CEMEX (NYSE:CX – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.
16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06.
CEMEX had a return on equity of 7.78% and a net margin of 5.70%.
Equities research analysts forecast that CEMEX, S.A.B.
de C.V. will post 0.
69 EPS for the current year. CEMEX Announces DividendThe company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.
0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s payout ratio is 12.
70%. Analysts Set New Price TargetsCX has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on CEMEX from $6.
00 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, April 14th. Bradesco Corretora set a $7.
50 price target on CEMEX and gave the company a “neutral” rating in a report on Tuesday, April 15th. Morgan Stanley lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. StockNews.
com downgraded shares of CEMEX from a “buy” rating to a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group increased their price target on shares of CEMEX from $8.00 to $9.
00 and gave the company a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CEMEX has an average rating of “Hold” and a consensus target price of $7.
40.Get Our Latest Stock Analysis on CXCEMEX Profile (Free Report)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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