Cresset Asset Management LLC Sells 20,236 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Cresset Asset Management LLC cut its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 66.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,246 shares of the construction company’s stock after selling 20,236 shares during the quarter. Cresset Asset Management LLC’s holdings in CEMEX were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers increased its holdings in CEMEX by 8.4% in the 4th quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company’s stock worth $179,000 after purchasing an additional 2,452 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in shares of CEMEX during the fourth quarter worth about $3,285,000. BNP Paribas Financial Markets increased its stake in shares of CEMEX by 3.5% in the fourth quarter. BNP Paribas Financial Markets now owns 4,218,579 shares of the construction company’s stock valued at $23,793,000 after buying an additional 141,003 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in CEMEX by 15.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 45,795 shares of the construction company’s stock valued at $258,000 after buying an additional 6,261 shares during the last quarter. Finally, Northern Trust Corp boosted its position in CEMEX by 100.9% during the 4th quarter. Northern Trust Corp now owns 1,707,762 shares of the construction company’s stock worth $9,632,000 after buying an additional 857,802 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Performance

Shares of CEMEX stock opened at $6.86 on Monday. The business has a 50-day moving average price of $5.86 and a two-hundred day moving average price of $5.84. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $7.89. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.93 billion, a P/E ratio of 10.88 and a beta of 1.41.

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

CEMEX Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CX shares. The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. StockNews.com raised CEMEX from a “hold” rating to a “buy” rating in a report on Saturday, May 3rd. Royal Bank of Canada increased their price target on CEMEX from $5.00 to $5.25 and gave the company an “underperform” rating in a research note on Tuesday, April 29th. Finally, Bradesco Corretora set a $7.50 price objective on CEMEX and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.58.

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.