O Shaughnessy Asset Management LLC Makes New $1.74 Million Investment in CEMEX, S.A.B. de C.V. (NYSE:CX)

O Shaughnessy Asset Management LLC acquired a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 307,584 shares of the construction company’s stock, valued at approximately $1,735,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its position in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after buying an additional 1,843 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after acquiring an additional 2,720 shares during the period. Holistic Financial Partners grew its position in 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 acquiring an additional 2,787 shares during the last quarter. IFP Advisors Inc increased its stake in CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in CEMEX by 32.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company’s stock valued at $82,000 after purchasing an additional 3,558 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CX shares. Royal Bank of Canada lifted their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, CEMEX has a consensus rating of “Hold” and a consensus target price of $7.82.

CEMEX Trading Down 7.3 %

Shares of CX opened at $5.15 on Friday. CEMEX, S.A.B. de C.V. has a 1-year low of $4.97 and a 1-year high of $9.00. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 8.18 and a beta of 1.28. The firm’s 50-day moving average price is $6.16 and its 200-day moving average price is $5.88. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX) last posted its 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%. Sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 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.