Russell Investments Group Ltd. Has $10.94 Million Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Russell Investments Group Ltd. lessened its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 12.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,940,384 shares of the construction company’s stock after selling 276,228 shares during the quarter. Russell Investments Group Ltd.’s holdings in CEMEX were worth $10,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC raised its position in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock worth $73,000 after buying an additional 2,720 shares in the last quarter. Holistic Financial Partners lifted its position in shares of CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after buying an additional 2,787 shares during the period. IFP Advisors Inc lifted its position in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after buying an additional 3,062 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in CEMEX by 32.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company’s stock valued at $82,000 after buying an additional 3,558 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CX. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. Royal Bank of Canada increased their target price on shares of 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 boosted their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of CEMEX from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.82.

CEMEX Trading Up 3.1 %

Shares of NYSE CX opened at $5.18 on Friday. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $8.73. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $6.05 and a two-hundred day moving average of $5.82. The company has a market cap of $7.50 billion, a PE ratio of 8.21 and a beta of 1.28.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is 12.70%.

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.