CEMEX, S.A.B. de C.V. (NYSE:CX) Short Interest Update

CEMEX, S.A.B. de C.V. (NYSE:CXGet Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 7,940,000 shares, a growth of 15.2% from the May 15th total of 6,890,000 shares. Based on an average daily trading volume, of 7,020,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada started coverage on shares of CEMEX in a research report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price objective on the stock. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Bank of America lowered CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group boosted their price target on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.46.

Get Our Latest Analysis on CEMEX

CEMEX Stock Up 1.1 %

Shares of NYSE:CX opened at $6.50 on Tuesday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 46.43 and a beta of 1.47. The stock has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $7.89. CEMEX has a 12-month low of $5.67 and a 12-month high of $9.27. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

CEMEX (NYSE:CXGet Free Report) last released its quarterly earnings data on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $4.14 billion during the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, research analysts anticipate that CEMEX will post 0.87 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 17th will be given a $0.349 dividend. The ex-dividend date is Monday, June 17th.

Institutional Trading of CEMEX

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC lifted its position in CEMEX by 41.4% during the third quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock valued at $122,996,000 after purchasing an additional 5,542,723 shares during the period. AQR Capital Management LLC lifted its holdings in shares of CEMEX by 35.5% during the 3rd quarter. AQR Capital Management LLC now owns 9,684,043 shares of the construction company’s stock valued at $62,946,000 after buying an additional 2,535,112 shares during the period. Sei Investments Co. boosted its stake in shares of CEMEX by 146.8% in the 3rd quarter. Sei Investments Co. now owns 3,010,503 shares of the construction company’s stock worth $19,568,000 after buying an additional 1,790,588 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of CEMEX by 701.6% in the third quarter. Qube Research & Technologies Ltd now owns 1,848,325 shares of the construction company’s stock worth $12,014,000 after acquiring an additional 1,617,750 shares during the period. Finally, Principal Financial Group Inc. increased its position in CEMEX by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock valued at $161,462,000 after acquiring an additional 1,521,007 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

CEMEX Company Profile

(Get Free Report)

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.

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