Aquatic Capital Management LLC Has $7.57 Million Stock Holdings in Cemex S.A.B. de C.V. $CX

Aquatic Capital Management LLC boosted its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 82.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 842,525 shares of the construction company’s stock after acquiring an additional 381,059 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.06% of Cemex worth $7,574,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CX. Ameriprise Financial Inc. boosted its position in Cemex by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock valued at $2,875,000 after buying an additional 1,221 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of Cemex by 8.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,214,428 shares of the construction company’s stock valued at $10,918,000 after acquiring an additional 96,442 shares during the period. Creative Planning boosted its holdings in Cemex by 25.6% in the third quarter. Creative Planning now owns 144,628 shares of the construction company’s stock valued at $1,300,000 after acquiring an additional 29,477 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Cemex by 10.1% in the third quarter. Raymond James Financial Inc. now owns 263,783 shares of the construction company’s stock valued at $2,371,000 after acquiring an additional 24,283 shares during the last quarter. Finally, Amundi increased its position in Cemex by 1.2% in the third quarter. Amundi now owns 2,731,997 shares of the construction company’s stock worth $24,561,000 after purchasing an additional 31,997 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CX. Barclays restated an “overweight” rating on shares of Cemex in a research report on Thursday. Zacks Research cut shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Scotiabank upgraded shares of Cemex from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $13.50 to $13.90 in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Finally, HSBC lowered shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 target price for the company. in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.08.

Cemex Trading Up 0.3%

CX opened at $10.42 on Monday. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $13.35. The firm’s fifty day moving average is $12.25 and its two-hundred day moving average is $10.85. The firm has a market cap of $15.09 billion, a PE ratio of 15.78 and a beta of 1.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.62 and a current ratio of 0.83.

Cemex (NYSE:CX) last released its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.01 billion. Cemex had a return on equity of 2.85% and a net margin of 5.93%. Equities research analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.0225 per share. This is a positive change from Cemex’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Cemex’s payout ratio is currently 13.64%.

Cemex Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.