Mmbg Investment Advisors CO. Has $7.84 Million Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Mmbg Investment Advisors CO. increased its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 51.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,389,427 shares of the construction company’s stock after buying an additional 469,427 shares during the quarter. CEMEX accounts for about 0.8% of Mmbg Investment Advisors CO.’s investment portfolio, making the stock its 25th largest position. Mmbg Investment Advisors CO.’s holdings in CEMEX were worth $7,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFP Advisors Inc raised its position in shares of CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after purchasing an additional 3,062 shares during the period. Barclays PLC boosted 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 last quarter. Townsquare Capital LLC bought a new position in CEMEX during the fourth quarter worth $57,000. Dark Forest Capital Management LP acquired a new position in shares of CEMEX during the fourth quarter valued at about $59,000. Finally, Franklin Resources Inc. bought a new position in shares of CEMEX during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CX. JPMorgan Chase & Co. raised their price target on shares of CEMEX from $6.00 to $6.80 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Bradesco Corretora set a $7.50 price target on CEMEX and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Royal Bank of Canada boosted their price objective on shares of CEMEX from $5.00 to $5.25 and gave the company an “underperform” rating in a report on Tuesday, April 29th. StockNews.com upgraded CEMEX from a “hold” rating to a “buy” rating in a research report on Saturday, May 3rd. Finally, The Goldman Sachs Group boosted their price target on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.58.

CEMEX Price Performance

CX opened at $6.40 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 $8.10. The company has a 50-day moving average of $5.79 and a 200-day moving average of $5.80. The company has a market capitalization of $9.27 billion, a P/E ratio of 10.16 and a beta of 1.41.

CEMEX (NYSE:CX) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The company had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. Equities analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 8.33%.

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.