Generali Investments CEE investicni spolecnost a.s. Takes Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 184,188 shares of the construction company’s stock, valued at approximately $1,039,000.

Several other hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of CEMEX during the third quarter worth $190,346,000. JPMorgan Chase & Co. raised its position in CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after acquiring an additional 7,986,204 shares in the last quarter. RWC Asset Advisors US LLC raised its position in CEMEX by 6.4% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company’s stock worth $67,903,000 after acquiring an additional 719,735 shares in the last quarter. RWC Asset Management LLP raised its position in CEMEX by 46.1% in the fourth quarter. RWC Asset Management LLP now owns 5,862,677 shares of the construction company’s stock worth $33,065,000 after acquiring an additional 1,848,597 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in CEMEX by 63.2% in the third quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock worth $32,927,000 after acquiring an additional 2,090,688 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Trading Down 4.4 %

Shares of CX stock opened at $6.08 on Friday. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The stock has a market cap of $8.81 billion, a P/E ratio of 9.66 and a beta of 1.45. The business has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $5.90. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s payout ratio is currently 12.70%.

Analyst Upgrades and Downgrades

CX has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group increased their price objective on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.82.

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.