CEMEX, S.A.B. de C.V. (NYSE:CX) Stake Trimmed by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos reduced its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 33.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,347,988 shares of the construction company’s stock after selling 692,409 shares during the period. CEMEX comprises 6.1% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 4th biggest position. Moneda S.A. Administradora General de Fondos owned approximately 0.09% of CEMEX worth $8,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CX. Ballentine Partners LLC boosted its position in CEMEX by 6.9% during the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock worth $190,000 after purchasing an additional 1,358 shares during the period. Aprio Wealth Management LLC grew its stake in CEMEX by 8.9% in the 1st quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock valued at $158,000 after buying an additional 1,431 shares in the last quarter. Parallel Advisors LLC raised its holdings in CEMEX by 11.5% during the 4th quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock valued at $109,000 after acquiring an additional 1,443 shares during the period. CWM LLC lifted its position in shares of CEMEX by 75.0% during the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its holdings in shares of CEMEX by 6.3% in the first quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company’s stock worth $241,000 after acquiring an additional 1,600 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Trading Up 1.3 %

Shares of CEMEX stock traded up $0.08 during trading on Friday, reaching $6.13. 11,285,809 shares of the stock were exchanged, compared to its average volume of 12,465,637. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 43.79 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 1 year low of $5.66 and a 1 year high of $9.27. The stock’s fifty day moving average is $6.37 and its 200 day moving average is $7.35.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The business had revenue of $4.49 billion during the quarter. As a group, equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a dividend of $0.349 per share. The ex-dividend date was Monday, June 17th. CEMEX’s payout ratio is currently 14.29%.

Analysts Set New Price Targets

CX has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on CEMEX in a report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective on the stock. Barclays upgraded shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price objective for the company in a research report on Wednesday, July 31st. Royal Bank of Canada assumed coverage on shares of CEMEX in a report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $8.00 price target on shares of CEMEX in a report on Wednesday, August 21st. Finally, StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.70.

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.