Quantbot Technologies LP Has $2.72 Million Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Quantbot Technologies LP increased its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 53.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 425,657 shares of the construction company’s stock after acquiring an additional 147,773 shares during the quarter. Quantbot Technologies LP’s holdings in CEMEX were worth $2,720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CX. CWM LLC boosted its position in shares of CEMEX by 75.0% during the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after purchasing an additional 1,506 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of CEMEX during the second quarter worth about $33,000. Thoroughbred Financial Services LLC acquired a new stake in shares of CEMEX during the second quarter worth about $81,000. Fisher Asset Management LLC lifted its holdings in shares of CEMEX by 3,180.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after purchasing an additional 10,590 shares in the last quarter. Finally, Prudent Man Advisors LLC acquired a new stake in CEMEX during the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Trading Up 1.5 %

NYSE CX opened at $6.15 on Wednesday. CEMEX, S.A.B. de C.V. has a 12 month low of $5.50 and a 12 month high of $9.27. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $6.28 and a 200-day moving average of $7.20. The company has a market cap of $8.91 billion, a PE ratio of 43.21 and a beta of 1.48.

CEMEX (NYSE:CX) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. The firm had revenue of $4.49 billion during the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. On average, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.84 EPS for the current fiscal year.

CEMEX Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th will be given a $0.021 dividend. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX’s payout ratio is 28.57%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CX shares. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. Barclays upgraded CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $8.00 price objective on shares of CEMEX in a research report on Wednesday, August 21st. Finally, The Goldman Sachs Group started coverage on CEMEX in a research report on Wednesday, July 10th. They issued a “buy” rating and a $9.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $8.70.

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.