CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,237 shares of the construction company’s stock after purchasing an additional 16,585 shares during the quarter. Sanctuary Advisors LLC’s holdings in CEMEX were worth $319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in CEMEX during the second quarter worth about $33,000. Barclays PLC increased its stake in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Allworth Financial LP raised its position in shares of CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,747 shares during the last quarter. Aureus Asset Management LLC purchased a new stake in CEMEX in the 3rd quarter valued at approximately $70,000. Finally, Vontobel Holding Ltd. acquired a new stake in CEMEX during the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CX shares. JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Barclays decreased their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $6.00 to $5.00 in a research report on Wednesday, December 11th. Scotiabank decreased their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CEMEX presently has a consensus rating of “Hold” and an average price target of $7.65.

CEMEX Stock Down 0.4 %

Shares of NYSE:CX opened at $5.68 on Friday. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 18.93 and a beta of 1.50. The company has a 50 day moving average of $5.60 and a two-hundred day moving average of $6.03. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49.

CEMEX Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio is presently 20.00%.

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.