XTX Topco Ltd Makes New $774,000 Investment in CEMEX, S.A.B. de C.V. (NYSE:CX)

XTX Topco Ltd bought a new stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 137,256 shares of the construction company’s stock, valued at approximately $774,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc boosted its position in CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after purchasing an additional 3,062 shares in the last quarter. Barclays PLC lifted its position in shares of CEMEX by 41.8% during 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. Townsquare Capital LLC bought a new stake in shares of CEMEX in the 4th quarter valued at about $57,000. Franklin Resources Inc. purchased a new position in shares of CEMEX in the 4th quarter worth approximately $63,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock worth $73,000 after acquiring an additional 2,720 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Stock Performance

Shares of NYSE CX opened at $5.41 on Friday. The company has a 50 day simple moving average of $5.97 and a two-hundred day simple moving average of $5.80. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 8.58 and a beta of 1.28. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $8.35.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is currently 12.70%.

Wall Street Analysts Forecast Growth

CX has been the subject of several recent analyst reports. Royal Bank of Canada cut their price target on shares of CEMEX from $6.00 to $5.00 and set an “underperform” rating on the stock in a report on Monday. Bradesco Corretora set a $7.50 target price on CEMEX and gave the stock a “neutral” rating in a research note on Tuesday. 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. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. Finally, StockNews.com raised shares of CEMEX from a “hold” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, CEMEX has an average rating of “Hold” and an average target price of $7.63.

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.