107,500 Shares in Cemex S.A.B. de C.V. $CX Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 107,500 shares of the construction company’s stock, valued at approximately $966,000.

A number of other large investors have also recently made changes to their positions in CX. Thompson Davis & CO. Inc. lifted its position in Cemex by 11.8% during the third quarter. Thompson Davis & CO. Inc. now owns 38,000 shares of the construction company’s stock valued at $342,000 after purchasing an additional 4,000 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Cemex in the 3rd quarter worth approximately $106,000. Savant Capital LLC raised its stake in Cemex by 22.1% during the 3rd quarter. Savant Capital LLC now owns 18,934 shares of the construction company’s stock valued at $170,000 after buying an additional 3,421 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Cemex by 16.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 888,542 shares of the construction company’s stock valued at $7,988,000 after buying an additional 122,710 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Cemex by 7.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 287,560 shares of the construction company’s stock valued at $2,585,000 after buying an additional 18,821 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CX shares. Zacks Research upgraded Cemex from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Bank of America upgraded Cemex from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.00 to $10.80 in a research note on Wednesday, October 15th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Citigroup downgraded shares of Cemex from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $9.00 to $10.00 in a report on Monday, October 13th. Finally, Scotiabank boosted their target price on shares of Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.04.

Cemex Stock Up 2.4%

CX stock opened at $12.24 on Friday. The business’s 50-day moving average price is $11.93 and its 200-day moving average price is $10.24. The stock has a market cap of $17.73 billion, a P/E ratio of 18.55, a PEG ratio of 0.83 and a beta of 1.61. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $13.35.

Cemex (NYSE:CX) last released its 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). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, equities research analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were paid a dividend of $0.0224 per share. The ex-dividend date was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Cemex’s payout ratio is 9.68%.

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.