Shay Capital LLC Has $494,000 Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Shay Capital LLC decreased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 44.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 87,500 shares of the construction company’s stock after selling 70,750 shares during the period. Shay Capital LLC’s holdings in CEMEX were worth $494,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dodge & Cox lifted its stake in CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock valued at $279,868,000 after acquiring an additional 48,942,309 shares during the last quarter. Schroder Investment Management Group lifted its stake in CEMEX by 745.6% in the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock valued at $150,809,000 after acquiring an additional 23,576,914 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in CEMEX in the fourth quarter valued at $86,056,000. Brandes Investment Partners LP lifted its stake in CEMEX by 33.7% in the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock valued at $136,679,000 after acquiring an additional 6,110,857 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in CEMEX by 1,505.0% in the fourth quarter. Marshall Wace LLP now owns 2,539,938 shares of the construction company’s stock valued at $14,325,000 after acquiring an additional 2,381,687 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CX shares. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. increased their price target on shares of CEMEX from $6.00 to $6.80 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. StockNews.com upgraded shares of CEMEX from a “hold” rating to a “buy” rating in a research note on Saturday, May 3rd. Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group raised their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.58.

CEMEX Stock Performance

NYSE CX opened at $6.86 on Friday. The firm has a 50-day moving average of $5.86 and a 200-day moving average of $5.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a market cap of $9.93 billion, a PE ratio of 10.88 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 52-week low of $4.89 and a 52-week high of $7.90.

CEMEX (NYSE:CX) last posted its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $186.46 million during the quarter, compared to analysts’ expectations of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is 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.