Squarepoint Ops LLC Takes $175,000 Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Squarepoint Ops LLC bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,048 shares of the construction company’s stock, valued at approximately $175,000.

A number of other institutional investors also recently modified their holdings of CX. Dodge & Cox grew its holdings in shares of CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock valued at $279,868,000 after buying an additional 48,942,309 shares during the period. Schroder Investment Management Group boosted its stake in CEMEX by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock worth $150,809,000 after purchasing an additional 23,576,914 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in CEMEX during the fourth quarter worth about $86,056,000. Brandes Investment Partners LP raised its stake in shares of CEMEX by 33.7% during the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock worth $136,679,000 after purchasing an additional 6,110,857 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in CEMEX by 1,505.0% during the fourth quarter. Marshall Wace LLP now owns 2,539,938 shares of the construction company’s stock worth $14,325,000 after purchasing an additional 2,381,687 shares during the period. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

CX has been the subject of a number of research analyst reports. Bradesco Corretora set a $7.50 price target on CEMEX and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Wall Street Zen upgraded CEMEX from a “hold” rating to a “buy” rating in a report on Saturday, May 3rd. The Goldman Sachs Group boosted their price objective on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley cut CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 26th. Finally, Itau BBA Securities cut CEMEX from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.58.

CEMEX Stock Performance

Shares of CEMEX stock opened at $6.71 on Monday. The company has a 50 day moving average of $6.16 and a 200-day moving average of $6.00. The company has a market cap of $9.72 billion, a PE ratio of 10.65 and a beta of 1.40. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $7.34.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $186.46 million for 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%. As a group, equities research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

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.