CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Holdings Decreased by Samlyn Capital LLC

Samlyn Capital LLC lowered its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 27.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,350,457 shares of the construction company’s stock after selling 2,025,859 shares during the period. Samlyn Capital LLC’s holdings in CEMEX were worth $34,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of CEMEX by 75.0% in the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after buying an additional 1,506 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of CEMEX in the 2nd quarter valued at about $33,000. Thoroughbred Financial Services LLC acquired a new position in shares of CEMEX in the 2nd quarter valued at about $81,000. Fisher Asset Management LLC boosted its holdings in shares of CEMEX by 3,180.2% in the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after buying an additional 10,590 shares during the period. Finally, Prudent Man Advisors LLC acquired a new position in shares of CEMEX in the 4th quarter valued at about $86,000. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

CEMEX Trading Down 0.2 %

CEMEX stock opened at $6.43 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $7.14. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 45.89 and a beta of 1.48. CEMEX, S.A.B. de C.V. has a 52-week low of $5.50 and a 52-week high of $9.27.

CEMEX (NYSE:CX) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. The company 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%. Sell-side analysts expect that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current year.

CEMEX Cuts Dividend

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

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.