Caprock Group LLC Trims Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Caprock Group LLC trimmed its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,726 shares of the construction company’s stock after selling 2,749 shares during the quarter. Caprock Group LLC’s holdings in CEMEX were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares during the period. Allworth Financial LP raised its position in shares of CEMEX by 36.0% in the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,747 shares during the period. Aureus Asset Management LLC purchased a new stake in shares of CEMEX during the 3rd quarter worth about $70,000. Vontobel Holding Ltd. acquired a new stake in shares of CEMEX during the 3rd quarter valued at about $77,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of CEMEX in the 3rd quarter valued at about $87,000. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Price Performance

Shares of NYSE CX opened at $6.71 on Friday. The firm has a 50-day simple moving average of $5.71 and a 200-day simple moving average of $5.89. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 22.35 and a beta of 1.49. CEMEX, S.A.B. de C.V. has a 52 week low of $5.00 and a 52 week high of $9.27.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 2.67% and a return on equity of 2.28%. On average, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.67 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

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

Analyst Upgrades and Downgrades

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

CEMEX 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.