PEAK6 LLC Has $10.97 Million Position in Cemex S.A.B. de C.V. $CX

PEAK6 LLC grew its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 54.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 954,281 shares of the construction company’s stock after acquiring an additional 338,413 shares during the period. PEAK6 LLC’s holdings in Cemex were worth $10,965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CX. JPMorgan Chase & Co. raised its position in shares of Cemex by 84.9% during the third quarter. JPMorgan Chase & Co. now owns 4,529,612 shares of the construction company’s stock worth $40,721,000 after acquiring an additional 2,080,341 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Cemex during the third quarter worth $1,124,000. TT International Asset Management LTD bought a new stake in shares of Cemex during the fourth quarter worth $2,781,000. Dorsey Wright & Associates bought a new stake in shares of Cemex during the third quarter worth $1,402,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Cemex by 16.0% during the third quarter. Envestnet Asset Management Inc. now owns 888,542 shares of the construction company’s stock worth $7,988,000 after acquiring an additional 122,710 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the sale, the insider directly owned 846,010 shares in the company, valued at $10,287,481.60. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CX shares. JPMorgan Chase & Co. boosted their target price on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Monday, March 23rd. Barclays restated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cemex currently has a consensus rating of “Moderate Buy” and an average price target of $12.77.

Cemex Trading Down 0.7%

NYSE CX opened at $12.90 on Tuesday. The stock has a 50-day simple moving average of $12.46 and a 200 day simple moving average of $11.99. The company has a market capitalization of $18.68 billion, a PE ratio of 40.30 and a beta of 1.51. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. Cemex S.A.B. de C.V. has a 12 month low of $6.63 and a 12 month high of $13.67.

Cemex (NYSE:CX) last released its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Research analysts forecast that Cemex S.A.B. de C.V. will post 0.91 EPS for the current year.

Cemex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be issued a $0.0312 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. This is an increase from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, June 17th. Cemex’s dividend payout ratio is currently 28.13%.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.