CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 28.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,057,965 shares of the construction company’s stock after acquiring an additional 4,217,562 shares during the quarter. AQR Capital Management LLC owned approximately 1.32% of CEMEX worth $121,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CX. CWM LLC lifted its position in shares of CEMEX by 75.0% in the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after acquiring an additional 1,506 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in CEMEX in the 2nd quarter valued at about $33,000. KCM Investment Advisors LLC acquired a new stake in shares of CEMEX during the 1st quarter worth about $91,000. Fisher Asset Management LLC boosted its stake in shares of CEMEX by 3,180.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock worth $85,000 after purchasing an additional 10,590 shares during the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in shares of CEMEX during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CX shares. Barclays raised shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price objective on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 price target on the stock. StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $8.00 target price on shares of CEMEX in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.70.

CEMEX Stock Up 0.8 %

Shares of NYSE CX opened at $6.40 on Friday. The stock has a market capitalization of $9.27 billion, a PE ratio of 45.71 and a beta of 1.48. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $6.23 and a 200-day moving average of $7.12. CEMEX, S.A.B. de C.V. has a 52-week low of $5.50 and a 52-week high of $9.27.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $4.49 billion during the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. On average, analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.82 EPS for the current year.

CEMEX Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a dividend of $0.021 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is presently 28.57%.

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.