Holistic Financial Partners Boosts Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Holistic Financial Partners raised its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 25.0% in the 4th quarter, Holdings Channel reports. The fund owned 13,933 shares of the construction company’s stock after acquiring an additional 2,787 shares during the quarter. Holistic Financial Partners’ holdings in CEMEX were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after buying an additional 7,986,204 shares in the last quarter. GFS Advisors LLC raised its stake in shares of CEMEX by 1,505.0% during the 3rd quarter. GFS Advisors LLC now owns 166,427 shares of the construction company’s stock worth $1,015,000 after buying an additional 156,058 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in CEMEX by 8.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock worth $60,327,000 after purchasing an additional 807,394 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in CEMEX by 63.2% during 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 purchasing an additional 2,090,688 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in CEMEX by 46.5% during the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company’s stock worth $319,000 after purchasing an additional 16,585 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CX. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank decreased their target price on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays decreased their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, CEMEX presently has a consensus rating of “Hold” and an average price target of $7.82.

CEMEX Stock Performance

NYSE CX opened at $6.54 on Monday. 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 $9.47 billion, a price-to-earnings ratio of 10.37 and a beta of 1.49. The business has a fifty day moving average of $5.92 and a 200-day moving average of $5.91. 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 released its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping 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%. As a group, analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were paid a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX’s payout ratio is currently 9.52%.

CEMEX 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.