CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by GFS Advisors LLC

GFS Advisors LLC increased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 1,505.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,427 shares of the construction company’s stock after purchasing an additional 156,058 shares during the quarter. GFS Advisors LLC’s holdings in CEMEX were worth $1,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in CEMEX by 28.4% during the second quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock worth $121,113,000 after purchasing an additional 4,217,562 shares in the last quarter. RWC Asset Advisors US LLC boosted its holdings in CEMEX by 32.3% during the 2nd quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock valued at $99,398,000 after acquiring an additional 3,796,262 shares during the period. Carrhae Capital LLP acquired a new position in CEMEX in the 3rd quarter valued at about $11,374,000. Perpetual Ltd increased its stake in CEMEX by 12.6% during the third quarter. Perpetual Ltd now owns 10,014,640 shares of the construction company’s stock worth $61,089,000 after purchasing an additional 1,117,379 shares during the period. Finally, Moneda S.A. Administradora General de Fondos lifted its position in shares of CEMEX by 92.1% during the first quarter. Moneda S.A. Administradora General de Fondos now owns 2,040,397 shares of the construction company’s stock worth $18,384,000 after purchasing an additional 978,264 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Price Performance

CX stock opened at $5.18 on Friday. The business has a 50 day moving average price of $5.96 and a 200 day moving average price of $6.61. The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 17.27 and a beta of 1.50. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.17 and a fifty-two week high of $9.27.

CEMEX Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th were issued a $0.021 dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. CEMEX’s payout ratio is 13.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on CEMEX from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 29th. Barclays reduced their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. cut shares of CEMEX from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group started coverage on shares of CEMEX in a research note on Wednesday, July 10th. They issued a “buy” rating and a $9.00 price target for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.82.

CEMEX Company 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.