ANTIPODES PARTNERS Ltd Invests $86.06 Million in CEMEX, S.A.B. de C.V. (NYSE:CX)

ANTIPODES PARTNERS Ltd purchased a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,256,910 shares of the construction company’s stock, valued at approximately $86,056,000. CEMEX accounts for about 3.0% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 15th biggest position. ANTIPODES PARTNERS Ltd owned about 1.05% of CEMEX as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CX. Avantax Advisory Services Inc. increased its position in CEMEX by 32.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company’s stock valued at $82,000 after acquiring an additional 3,558 shares during the period. PNC Financial Services Group Inc. boosted its stake in CEMEX by 93.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,693 shares of the construction company’s stock valued at $196,000 after purchasing an additional 16,736 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in CEMEX during the 4th quarter valued at $1,039,000. Banco Santander S.A. bought a new position in CEMEX during the 4th quarter valued at $78,000. Finally, Raymond James Financial Inc. bought a new position in CEMEX during the 4th quarter valued at $1,427,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Performance

Shares of CEMEX stock opened at $6.02 on Thursday. The stock has a market cap of $8.72 billion, a PE ratio of 9.55 and a beta of 1.45. The business has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $5.88. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27.

CEMEX (NYSE:CX) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s dividend payout ratio is 12.70%.

Analysts Set New Price Targets

CX has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada increased their price target on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.82.

About CEMEX

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.