National Bank of Canada FI Has $1.22 Million Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

National Bank of Canada FI cut its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 78.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,355 shares of the construction company’s stock after selling 708,845 shares during the quarter. National Bank of Canada FI’s holdings in CEMEX were worth $1,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. bought a new position in shares of CEMEX in the 2nd quarter valued at $776,000. GFS Advisors LLC increased its holdings in CEMEX by 1,505.0% in the 3rd 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 in the last quarter. Robeco Institutional Asset Management B.V. raised its position in CEMEX by 8.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock valued at $60,327,000 after purchasing an additional 807,394 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of CEMEX by 63.2% during the third 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 in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of CEMEX by 28.4% during the second quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock worth $121,113,000 after purchasing an additional 4,217,562 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

CEMEX Price Performance

Shares of NYSE CX opened at $5.60 on Friday. The company has a market capitalization of $8.11 billion, a PE ratio of 18.67 and a beta of 1.50. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. CEMEX, S.A.B. de C.V. has a twelve month low of $5.00 and a twelve month high of $9.27. The firm has a fifty day simple moving average of $5.67 and a 200 day simple moving average of $6.12.

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be given a $0.0207 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

CX has been the subject of a number of research reports. JPMorgan Chase & Co. lowered shares of CEMEX from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Royal Bank of Canada downgraded shares of CEMEX from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from $6.00 to $5.00 in a research note on Wednesday. Scotiabank reduced their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. Barclays lowered their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. One 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 stock. Based on data from MarketBeat.com, CEMEX presently has an average rating of “Hold” and an average price target of $7.65.

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.