Mercuria Capital Strategies LLC Invests $2.62 Million in Cemex S.A.B. de C.V. $CX

Mercuria Capital Strategies LLC acquired a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 228,102 shares of the construction company’s stock, valued at approximately $2,621,000. Cemex accounts for about 2.2% of Mercuria Capital Strategies LLC’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dodge & Cox lifted its stake in shares of Cemex by 1.8% during the third quarter. Dodge & Cox now owns 96,734,370 shares of the construction company’s stock worth $869,642,000 after buying an additional 1,710,535 shares during the period. Orbis Allan Gray Ltd lifted its stake in shares of Cemex by 90.2% during the second quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock worth $182,263,000 after buying an additional 12,469,417 shares during the period. Wellington Management Group LLP lifted its stake in shares of Cemex by 451.7% during the third quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock worth $151,907,000 after buying an additional 13,834,438 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Cemex by 18.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,328,806 shares of the construction company’s stock worth $141,658,000 after buying an additional 1,962,140 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Cemex by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 12,183,183 shares of the construction company’s stock worth $109,530,000 after buying an additional 499,504 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Morgan Stanley upgraded shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Monday, March 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 target price on shares of Cemex in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a research report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.77.

Insider Buying and Selling at Cemex

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the transaction, the insider owned 846,010 shares in the company, valued at approximately $10,287,481.60. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Cemex Trading Down 3.5%

NYSE CX opened at $12.48 on Friday. The company has a market capitalization of $18.09 billion, a PE ratio of 39.01 and a beta of 1.51. The company has a fifty day moving average of $12.31 and a 200 day moving average of $11.89. Cemex S.A.B. de C.V. has a 1 year low of $6.63 and a 1 year high of $13.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63.

Cemex (NYSE:CX) last posted its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. Research analysts forecast that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Cemex Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.