International Assets Investment Management LLC Has $335,000 Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

International Assets Investment Management LLC reduced its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 86.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 58,931 shares of the construction company’s stock after selling 392,009 shares during the quarter. International Assets Investment Management LLC’s holdings in CEMEX were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in CEMEX in the 2nd quarter valued at about $33,000. Barclays PLC grew its position in shares of CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares during the last quarter. Allworth Financial LP increased its stake in shares of CEMEX by 36.0% during the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,747 shares during the period. Aureus Asset Management LLC bought a new stake in CEMEX in the 3rd quarter valued at $70,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of CEMEX in the third quarter valued at about $77,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CEMEX Trading Down 2.3 %

Shares of CEMEX stock opened at $5.56 on Friday. The firm has a market cap of $8.06 billion, a PE ratio of 18.53 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The company has a 50 day simple moving average of $5.61 and a two-hundred day simple moving average of $5.97.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is presently 20.00%.

CEMEX Company 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.