MML Investors Services LLC Has $126,000 Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

MML Investors Services LLC grew its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 65.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,706 shares of the construction company’s stock after purchasing an additional 8,221 shares during the quarter. MML Investors Services LLC’s holdings in CEMEX were worth $126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its stake in CEMEX by 39.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company’s stock valued at $92,000 after purchasing an additional 4,306 shares in the last quarter. Stifel Financial Corp lifted its stake in CEMEX by 30.4% in the 3rd quarter. Stifel Financial Corp now owns 100,406 shares of the construction company’s stock valued at $612,000 after acquiring an additional 23,388 shares in the last quarter. Aureus Asset Management LLC acquired a new position in CEMEX during the 3rd quarter worth approximately $70,000. Rockefeller Capital Management L.P. grew its stake in shares of CEMEX by 12.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 555,959 shares of the construction company’s stock worth $3,391,000 after acquiring an additional 63,274 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in CEMEX by 12.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 192,392 shares of the construction company’s stock valued at $1,174,000 after buying an additional 21,503 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

CEMEX Trading Down 0.4 %

Shares of CX opened at $5.68 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 18.93 and a beta of 1.50. The business’s fifty day moving average is $5.60 and its 200-day moving average is $6.03.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

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

About CEMEX

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.