AdvisorShares Investments LLC Invests $966,000 in Cemex S.A.B. de C.V. $CX

AdvisorShares Investments LLC bought a new stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 107,500 shares of the construction company’s stock, valued at approximately $966,000.

Other large investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in Cemex during the third quarter valued at $48,699,000. Bank of Montreal Can lifted its stake in Cemex by 142.3% in the 2nd quarter. Bank of Montreal Can now owns 120,982 shares of the construction company’s stock worth $838,000 after purchasing an additional 71,047 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Cemex by 84.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 195,439 shares of the construction company’s stock worth $1,757,000 after purchasing an additional 89,465 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Cemex during the 2nd quarter valued at about $1,322,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Cemex by 9.4% in the second quarter. Advisors Asset Management Inc. now owns 813,753 shares of the construction company’s stock worth $5,639,000 after purchasing an additional 69,979 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CX has been the subject of a number of research reports. Zacks Research raised Cemex from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. The Goldman Sachs Group upped their price objective on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Bank of America raised shares of Cemex from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.00 to $10.80 in a report on Wednesday, October 15th. Royal Bank Of Canada upped their price target on shares of Cemex from $7.00 to $8.25 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.04.

Cemex Stock Performance

NYSE:CX opened at $12.24 on Friday. The firm has a market capitalization of $17.73 billion, a PE ratio of 18.55, a PEG ratio of 0.83 and a beta of 1.61. The stock’s fifty day moving average is $11.93 and its 200 day moving average is $10.24. Cemex S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $13.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.91.

Cemex (NYSE:CX) last posted its quarterly earnings data on Thursday, February 5th. The construction company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). Cemex had a net margin of 5.93% and a return on equity of 2.85%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, sell-side analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th. Cemex’s dividend payout ratio is 9.68%.

Cemex Company Profile

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.