Cemex S.A.B. de C.V. (NYSE:CX) Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd lowered its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,208,763 shares of the construction company’s stock after selling 2,048,147 shares during the quarter. Cemex accounts for about 2.3% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 20th biggest holding. ANTIPODES PARTNERS Ltd owned 0.91% of Cemex worth $74,107,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Cemex by 7.4% in the 1st quarter. Allworth Financial LP now owns 27,651 shares of the construction company’s stock worth $157,000 after acquiring an additional 1,906 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Cemex by 8.4% in the 4th quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company’s stock worth $179,000 after acquiring an additional 2,452 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Cemex by 21.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company’s stock worth $81,000 after acquiring an additional 2,505 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Cemex by 3.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 77,957 shares of the construction company’s stock worth $437,000 after acquiring an additional 2,570 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Cemex by 26.4% in 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 during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Stock Up 3.3%

CX stock traded up $0.27 during mid-day trading on Thursday, reaching $8.24. The company had a trading volume of 8,227,775 shares, compared to its average volume of 12,743,428. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.85. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The firm has a fifty day simple moving average of $7.08 and a 200 day simple moving average of $6.34. Cemex S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $8.25.

Cemex (NYSE:CX) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter. Cemex had a return on equity of 6.47% and a net margin of 8.84%. Analysts forecast that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0224 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, June 17th. Cemex’s dividend payout ratio (DPR) is presently 8.33%.

Analyst Ratings Changes

A number of analysts have issued reports on CX shares. Itau BBA Securities downgraded Cemex from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded Cemex from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. increased their price target on Cemex from $6.00 to $6.80 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Barclays reiterated an “overweight” rating and set a $9.00 price target (up from $8.00) on shares of Cemex in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada increased their price target on Cemex from $5.00 to $5.25 and gave the stock an “underperform” rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.74.

Cemex Company 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.