CEMEX, S.A.B. de C.V. (NYSE:CX) Stake Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 46.5% in the third quarter, HoldingsChannel.com reports. The firm owned 52,237 shares of the construction company’s stock after acquiring an additional 16,585 shares during the period. Sanctuary Advisors LLC’s holdings in CEMEX were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CX. Ashton Thomas Private Wealth LLC bought a new position in CEMEX during the 2nd quarter worth $33,000. Barclays PLC lifted its stake in 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 buying an additional 1,843 shares during the last quarter. Allworth Financial LP boosted its holdings 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 valued at $40,000 after acquiring an additional 1,747 shares during the period. Aureus Asset Management LLC bought a new position in shares of CEMEX during the third quarter worth about $70,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of CEMEX in the 3rd quarter worth about $77,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Price Performance

NYSE:CX opened at $5.68 on Friday. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a market cap of $8.23 billion, a P/E ratio of 18.93 and a beta of 1.50. The business’s 50-day moving average price is $5.60 and its 200 day moving average price is $6.03.

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 given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is presently 20.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and dropped 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 lowered their target price for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Barclays reduced 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 cut CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Finally, Scotiabank cut their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.65.

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.