CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Marshall Wace LLP

Marshall Wace LLP increased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 1,505.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,539,938 shares of the construction company’s stock after buying an additional 2,381,687 shares during the period. Marshall Wace LLP’s holdings in CEMEX were worth $14,325,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CX. IFP Advisors Inc lifted its stake in 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 buying an additional 3,062 shares during the last quarter. Barclays PLC lifted its position in 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 acquired a new position in CEMEX during the 4th quarter valued at about $57,000. Franklin Resources Inc. acquired a new stake in shares of CEMEX in the fourth quarter valued at approximately $63,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of CEMEX by 26.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after buying an additional 2,720 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CX. Royal Bank of Canada decreased their price objective on CEMEX from $6.00 to $5.00 and set an “underperform” rating for the company in a report on Monday, April 14th. Bradesco Corretora set a $7.50 price target on CEMEX and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. StockNews.com upgraded shares of CEMEX from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. Morgan Stanley lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group boosted their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.63.

CEMEX Price Performance

Shares of NYSE CX opened at $5.41 on Monday. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.35. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $5.92 and a two-hundred day moving average of $5.79. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 8.58 and a beta of 1.28.

CEMEX (NYSE:CX) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts expect 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 announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 12.70%.

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.