MML Investors Services LLC Has $126,000 Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

MML Investors Services LLC raised its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 65.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,706 shares of the construction company’s stock after buying an additional 8,221 shares during the period. MML Investors Services LLC’s holdings in CEMEX were worth $126,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of CEMEX during the 2nd quarter worth approximately $33,000. Allworth Financial LP boosted its stake in 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 in the last quarter. Aureus Asset Management LLC acquired a new stake in shares of CEMEX in the 3rd quarter valued at about $70,000. Vontobel Holding Ltd. bought a new stake in CEMEX in the 3rd quarter valued at about $77,000. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of CEMEX during the second quarter worth approximately $81,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Price Performance

CX stock opened at $5.68 on Friday. The firm has a market capitalization of $8.23 billion, a P/E ratio of 18.93 and a beta of 1.50. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27. The firm has a 50 day moving average of $5.60 and a 200-day moving average of $6.03. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

CEMEX Announces Dividend

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

Wall Street Analyst Weigh In

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

CEMEX Company 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.