Caprock Group LLC Trims Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Caprock Group LLC decreased its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,726 shares of the construction company’s stock after selling 2,749 shares during the period. Caprock Group LLC’s holdings in CEMEX were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX in the third quarter valued at approximately $190,346,000. JPMorgan Chase & Co. lifted its stake in shares of CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after purchasing an additional 7,986,204 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of CEMEX by 166.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock worth $24,873,000 after purchasing an additional 2,549,852 shares during the period. Loomis Sayles & Co. L P increased its position in shares of CEMEX by 63.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock worth $32,927,000 after purchasing an additional 2,090,688 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new stake in CEMEX in the 3rd quarter valued at about $11,374,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Price Performance

CEMEX stock opened at $6.71 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The firm has a market cap of $9.72 billion, a PE ratio of 22.35 and a beta of 1.49. The company’s 50 day moving average is $5.71 and its two-hundred day moving average is $5.89.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 2.28% and a net margin of 2.67%. On average, research analysts expect that CEMEX, S.A.B. de C.V. will post 0.67 EPS for the current fiscal year.

CEMEX Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on CX shares. Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Wednesday, December 11th. Barclays lowered their price objective on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. Finally, Scotiabank cut their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, CEMEX has a consensus rating of “Hold” and a consensus target price of $7.65.

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.