Cemex S.A.B. de C.V. $CX Shares Sold by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. lessened its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,389,427 shares of the construction company’s stock after selling 52,000 shares during the quarter. Cemex accounts for about 1.1% of Mmbg Investment Advisors CO.’s holdings, making the stock its 19th biggest holding. Mmbg Investment Advisors CO. owned approximately 0.10% of Cemex worth $12,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dodge & Cox increased its holdings in Cemex by 35.1% in the 2nd quarter. Dodge & Cox now owns 95,023,835 shares of the construction company’s stock valued at $658,515,000 after purchasing an additional 24,703,035 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of Cemex by 90.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock valued at $182,263,000 after buying an additional 12,469,417 shares during the period. WCM Investment Management LLC purchased a new position in Cemex during the 3rd quarter valued at about $48,699,000. Robeco Institutional Asset Management B.V. increased its stake in Cemex by 54.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,366,666 shares of the construction company’s stock worth $93,196,000 after purchasing an additional 3,639,547 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Cemex by 58.8% during the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after purchasing an additional 2,661,030 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CX has been the topic of several recent research reports. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Scotiabank lifted their target price on Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Barclays restated an “overweight” rating and set a $15.00 price target on shares of Cemex in a report on Tuesday, January 27th. HSBC lowered shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 target price on the stock. in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.04.

Cemex Stock Up 2.4%

CX stock opened at $12.56 on Monday. The stock has a market cap of $18.20 billion, a P/E ratio of 19.03, a PEG ratio of 0.85 and a beta of 1.61. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.33. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $13.35. The company’s 50 day moving average is $12.12 and its two-hundred day moving average is $10.40.

Cemex (NYSE:CX) last posted its earnings results on Thursday, February 5th. The construction company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. Research analysts expect that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a $0.0224 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.09 annualized dividend and a yield of 0.7%. Cemex’s dividend payout ratio is 13.64%.

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.