CEMEX, S.A.B. de C.V. (NYSE:CX) Short Interest Update

CEMEX, S.A.B. de C.V. (NYSE:CX) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 11,610,000 shares, an increase of 46.2% from the May 31st total of 7,940,000 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 7,060,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of CEMEX

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors lifted its position in CEMEX by 0.5% during the fourth quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock valued at $217,024,000 after purchasing an additional 152,587 shares during the last quarter. Principal Financial Group Inc. lifted its position in CEMEX by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock valued at $161,462,000 after purchasing an additional 1,521,007 shares during the last quarter. Schroder Investment Management Group lifted its position in CEMEX by 17.6% during the fourth quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock valued at $76,262,000 after purchasing an additional 1,471,407 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of CEMEX by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock worth $63,341,000 after acquiring an additional 318,541 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of CEMEX by 35.5% in the 3rd quarter. AQR Capital Management LLC now owns 9,684,043 shares of the construction company’s stock worth $62,946,000 after acquiring an additional 2,535,112 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Price Performance

Shares of NYSE:CX traded down $0.11 during trading on Monday, reaching $6.28. The company had a trading volume of 1,869,502 shares, compared to its average volume of 6,664,050. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. CEMEX has a 12 month low of $5.67 and a 12 month high of $9.27. The company has a fifty day moving average of $7.34 and a two-hundred day moving average of $7.84. The stock has a market capitalization of $9.10 billion, a P/E ratio of 45.64 and a beta of 1.47.

CEMEX (NYSE:CX) last announced its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The business had revenue of $4.14 billion for the quarter. During the same period last year, the business earned $0.15 EPS. Equities research analysts forecast that CEMEX will post 0.87 earnings per share for the current year.

CEMEX Announces Dividend

The firm also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a dividend of $0.349 per share. The ex-dividend date of this dividend was Monday, June 17th. CEMEX’s dividend payout ratio (DPR) is currently 14.29%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CX shares. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Wednesday, April 24th. Royal Bank of Canada started coverage on shares of CEMEX in a report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price objective on the stock. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group upped their price objective on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CEMEX currently has an average rating of “Moderate Buy” and a consensus price target of $9.46.

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.