Mariner LLC Sells 8,553 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Mariner LLC trimmed its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 23.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,784 shares of the construction company’s stock after selling 8,553 shares during the period. Mariner LLC’s holdings in CEMEX were worth $157,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CX. Barclays PLC lifted its stake in shares of CEMEX by 41.8% in 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 in the last quarter. TCP Asset Management LLC bought a new position in CEMEX in the 4th quarter valued at about $242,000. Ballentine Partners LLC boosted its stake in CEMEX by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 34,210 shares of the construction company’s stock valued at $193,000 after purchasing an additional 4,474 shares during the last quarter. Blue Trust Inc. increased its holdings in CEMEX by 17.2% during the 4th quarter. Blue Trust Inc. now owns 50,636 shares of the construction company’s stock worth $309,000 after purchasing an additional 7,423 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of CEMEX by 28.2% in the fourth quarter. Hantz Financial Services Inc. now owns 246,623 shares of the construction company’s stock valued at $1,391,000 after purchasing an additional 54,231 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Price Performance

Shares of NYSE:CX opened at $6.44 on Thursday. The company has a 50-day moving average price of $5.77 and a two-hundred day moving average price of $5.79. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.10. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $9.33 billion, a PE ratio of 10.22 and a beta of 1.41.

CEMEX (NYSE:CX) last posted its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The firm had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. Equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is currently 8.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of CEMEX from a “hold” rating to a “buy” rating in a report on Saturday, May 3rd. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $5.25 and gave the stock an “underperform” rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on CEMEX from $6.00 to $6.80 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. One investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.58.

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.