Marshall Wace LLP Increases Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Marshall Wace LLP boosted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 1,505.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,539,938 shares of the construction company’s stock after acquiring an additional 2,381,687 shares during the period. Marshall Wace LLP owned about 0.18% of CEMEX worth $14,325,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in CEMEX by 41.8% in the third 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. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after purchasing an additional 2,720 shares during the last quarter. Holistic Financial Partners increased its holdings in shares of CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after buying an additional 2,787 shares during the last quarter. IFP Advisors Inc raised its position in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after buying an additional 3,062 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in CEMEX by 32.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company’s stock valued at $82,000 after acquiring an additional 3,558 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CX shares. The Goldman Sachs Group upped their price target on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised shares of CEMEX from a “hold” rating to a “buy” rating in a research report on Wednesday, April 16th. Royal Bank of Canada cut their target price on shares of CEMEX from $6.00 to $5.00 and set an “underperform” rating on the stock in a research note on Monday, April 14th. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Finally, Bradesco Corretora set a $7.50 price objective on CEMEX and gave the company a “neutral” rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.63.

CEMEX Stock Up 3.9 %

Shares of NYSE CX opened at $5.41 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX, S.A.B. de C.V. has a 1 year low of $4.89 and a 1 year high of $8.35. The stock’s 50-day simple moving average is $5.92 and its 200-day simple moving average is $5.79. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 8.58 and a beta of 1.28.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, equities analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is 12.70%.

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.