Marathon Asset Management Ltd Has $47.11 Million Stock Holdings in Cemex S.A.B. de C.V. $CX

Marathon Asset Management Ltd trimmed its position in Cemex S.A.B. de C.V. (NYSE:CX) by 14.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,240,589 shares of the construction company’s stock after selling 853,582 shares during the period. Cemex makes up approximately 1.7% of Marathon Asset Management Ltd’s portfolio, making the stock its 23rd biggest position. Marathon Asset Management Ltd owned approximately 0.36% of Cemex worth $47,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of Cemex by 4.6% during the first quarter. Northern Trust Corp now owns 1,785,660 shares of the construction company’s stock valued at $10,018,000 after acquiring an additional 77,898 shares in the last quarter. Vident Advisory LLC grew its position in Cemex by 92.8% in the 1st quarter. Vident Advisory LLC now owns 119,027 shares of the construction company’s stock valued at $668,000 after purchasing an additional 57,279 shares during the period. Panagora Asset Management Inc. increased its stake in Cemex by 119.9% during the 1st quarter. Panagora Asset Management Inc. now owns 1,906,747 shares of the construction company’s stock valued at $10,697,000 after purchasing an additional 1,039,569 shares in the last quarter. Aprio Wealth Management LLC acquired a new position in Cemex during the first quarter worth $129,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Cemex by 10.6% in the first quarter. Advisors Asset Management Inc. now owns 743,774 shares of the construction company’s stock valued at $4,173,000 after buying an additional 71,498 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

CX has been the subject of several recent research reports. Bank of America raised shares of Cemex from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $10.80 in a research report on Wednesday, October 15th. Citigroup downgraded Cemex from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $9.00 to $10.00 in a research note on Monday, October 13th. Royal Bank Of Canada raised their target price on Cemex from $7.00 to $8.25 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a report on Wednesday, October 8th. Finally, Barclays raised their price objective on Cemex from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cemex has an average rating of “Hold” and an average price target of $10.14.

Cemex Stock Performance

Shares of Cemex stock opened at $12.01 on Monday. The business’s fifty day simple moving average is $10.57 and its 200 day simple moving average is $9.16. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. Cemex S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $12.04. The firm has a market capitalization of $17.40 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61.

Cemex (NYSE:CX) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $226.73 million. Cemex had a return on equity of 6.85% and a net margin of 8.62%. 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 announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were paid a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, December 15th. Cemex’s payout ratio is presently 9.68%.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.