Moneda S.A. Administradora General de Fondos Purchases Shares of 717,736 CEMEX, S.A.B. de C.V. (NYSE:CX)

Moneda S.A. Administradora General de Fondos purchased a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 717,736 shares of the construction company’s stock, valued at approximately $4,048,000. CEMEX accounts for about 4.2% of Moneda S.A. Administradora General de Fondos’ portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CX. IFP Advisors Inc grew its position 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 worth $28,000 after purchasing an additional 3,062 shares in the last quarter. Barclays PLC grew its position in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Aureus Asset Management LLC acquired a new position in shares of CEMEX during the 3rd quarter worth approximately $70,000. Holistic Financial Partners grew its position in shares of CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after purchasing an additional 2,787 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of CEMEX during the 3rd quarter worth approximately $87,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group increased their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.82.

CEMEX Price Performance

Shares of NYSE:CX opened at $5.94 on Tuesday. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 9.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $6.00 and a 200 day simple moving average of $5.91. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Investors 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 payout ratio is 9.52%.

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.