Oppenheimer Asset Management Inc. Has $344,000 Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Oppenheimer Asset Management Inc. lifted its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 27.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,357 shares of the construction company’s stock after purchasing an additional 12,052 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CEMEX were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CX. Vanguard Group Inc. increased its stake in shares of CEMEX by 4.1% in the first quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company’s stock worth $33,858,000 after purchasing an additional 146,327 shares during the period. Pacer Advisors Inc. bought a new position in CEMEX in the 2nd quarter worth approximately $776,000. GFS Advisors LLC lifted its holdings in shares of CEMEX by 1,505.0% during the third quarter. GFS Advisors LLC now owns 166,427 shares of the construction company’s stock worth $1,015,000 after buying an additional 156,058 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of CEMEX in the first quarter valued at approximately $1,090,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of CEMEX by 8.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock worth $60,327,000 after acquiring an additional 807,394 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of CEMEX from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Scotiabank cut their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. Barclays decreased their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada cut their price target on CEMEX from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.82.

CEMEX Price Performance

CEMEX stock opened at $5.43 on Thursday. The business has a 50 day simple moving average of $5.86 and a 200 day simple moving average of $6.38. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The company has a market capitalization of $7.87 billion, a PE ratio of 18.10 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73.

CEMEX Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were given a $0.021 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 0.7%. CEMEX’s payout ratio is 13.33%.

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.