Cemex S.A.B. de C.V. $CX Shares Sold by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. cut its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,389,427 shares of the construction company’s stock after selling 52,000 shares during the period. Cemex makes up 1.1% of Mmbg Investment Advisors CO.’s investment portfolio, making the stock its 19th biggest holding. Mmbg Investment Advisors CO.’s holdings in Cemex were worth $12,491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CX. WealthCollab LLC raised its stake in shares of Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after purchasing an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after buying an additional 3,093 shares during the last quarter. Militia Capital Partners LP acquired a new stake in shares of Cemex in the 2nd quarter worth $46,000. Jones Financial Companies Lllp boosted its holdings in shares of Cemex by 334.7% in the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after acquiring an additional 7,075 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Cemex during the second quarter worth about $79,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemex Stock Performance

Shares of CX stock opened at $12.56 on Monday. The stock has a fifty day moving average price of $12.12 and a 200 day moving average price of $10.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a market cap of $18.20 billion, a PE ratio of 19.03, a P/E/G ratio of 0.85 and a beta of 1.61. Cemex S.A.B. de C.V. has a 1 year low of $4.89 and a 1 year high of $13.35.

Cemex (NYSE:CX) last released its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.38). The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.01 billion. Cemex had a return on equity of 2.85% and a net margin of 5.93%. Sell-side analysts forecast that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were issued a $0.0224 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th. Cemex’s dividend payout ratio is 13.64%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Cemex from $7.00 to $8.25 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Zacks Research downgraded Cemex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Finally, HSBC downgraded Cemex from a “buy” rating to a “hold” rating and set a $12.80 target price for the company. in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.04.

Cemex Company Profile

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.