CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Holdings Reduced by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC lessened its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 584,300 shares of the construction company’s stock after selling 3,700 shares during the quarter. CEMEX comprises about 3.8% of ABS Direct Equity Fund LLC’s holdings, making the stock its 8th biggest holding. ABS Direct Equity Fund LLC’s holdings in CEMEX were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Barclays PLC increased its position in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after buying an additional 1,843 shares during the period. Allworth Financial LP grew its position in shares of CEMEX by 36.0% during the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,747 shares during the last quarter. Aureus Asset Management LLC acquired a new position in shares of CEMEX in the 3rd quarter valued at $70,000. Vontobel Holding Ltd. purchased a new stake in CEMEX in the 3rd quarter valued at $77,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in CEMEX during the 3rd quarter worth $87,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Down 1.4 %

CX opened at $5.90 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27. The stock has a market capitalization of $8.54 billion, a P/E ratio of 19.65 and a beta of 1.49. The business has a 50 day simple moving average of $5.61 and a 200-day simple moving average of $5.91.

CEMEX Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CX. Barclays dropped their price objective on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Scotiabank reduced their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $6.00 to $5.00 in a research report on Wednesday, December 11th. One equities 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, CEMEX currently has an average rating of “Hold” and an average target price of $7.65.

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.