Barclays PLC Buys 1,843 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Barclays PLC raised its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 41.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,249 shares of the construction company’s stock after acquiring an additional 1,843 shares during the quarter. Barclays PLC’s holdings in CEMEX were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CX. Allworth Financial LP boosted its position in shares of CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,747 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of CEMEX by 3.6% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock worth $463,000 after purchasing an additional 2,654 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of CEMEX by 13.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 26,200 shares of the construction company’s stock worth $167,000 after purchasing an additional 3,200 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock worth $164,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of CEMEX by 14.5% in the 3rd quarter. Ballentine Partners LLC now owns 29,736 shares of the construction company’s stock worth $181,000 after purchasing an additional 3,777 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CX. Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Royal Bank of Canada cut CEMEX from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. Finally, Barclays lowered their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.65.

CEMEX Stock Performance

NYSE CX opened at $5.56 on Friday. The stock has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $5.98. The firm has a market capitalization of $8.06 billion, a P/E ratio of 18.53 and a beta of 1.49. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid 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%.

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.