CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos boosted its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 92.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,040,397 shares of the construction company’s stock after purchasing an additional 978,264 shares during the quarter. CEMEX comprises about 10.3% of Moneda S.A. Administradora General de Fondos’ holdings, making the stock its 4th biggest position. Moneda S.A. Administradora General de Fondos owned 0.14% of CEMEX worth $18,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC grew its holdings in shares of CEMEX by 6.9% during the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock valued at $190,000 after buying an additional 1,358 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in CEMEX by 8.9% during the first quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock worth $158,000 after purchasing an additional 1,431 shares during the last quarter. Parallel Advisors LLC boosted its holdings in CEMEX by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock worth $109,000 after purchasing an additional 1,443 shares during the last quarter. CWM LLC boosted its holdings in CEMEX by 75.0% during the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its holdings in CEMEX by 6.3% during the first quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company’s stock worth $241,000 after purchasing an additional 1,600 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Performance

CX stock traded up $0.05 during mid-day trading on Friday, hitting $6.89. The company had a trading volume of 4,897,694 shares, compared to its average volume of 6,800,474. The firm has a market cap of $9.98 billion, a PE ratio of 49.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. CEMEX, S.A.B. de C.V. has a 12 month low of $5.67 and a 12 month high of $9.27. The stock’s fifty day moving average price is $7.00 and its two-hundred day moving average price is $7.73.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The company had revenue of $4.14 billion for the quarter. During the same period last year, the firm earned $0.15 EPS. On average, analysts forecast that CEMEX, S.A.B. de C.V. will post 0.85 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a $0.349 dividend. The ex-dividend date was Monday, June 17th. CEMEX’s dividend payout ratio (DPR) is currently 14.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on CX shares. JPMorgan Chase & Co. cut their price target on shares of CEMEX from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Monday. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Wednesday, April 24th. The Goldman Sachs Group started coverage on shares of CEMEX in a report on Wednesday. They set a “buy” rating and a $9.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of CEMEX in a report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price target on the stock. Finally, StockNews.com lowered shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.24.

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.