Cemex S.A.B. de C.V. $CX Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,865 shares of the construction company’s stock after selling 63,695 shares during the period. Hantz Financial Services Inc.’s holdings in Cemex were worth $2,572,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its holdings in Cemex by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock worth $193,000 after acquiring an additional 913 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Cemex by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock worth $2,875,000 after acquiring an additional 1,221 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Cemex by 5.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock worth $218,000 after purchasing an additional 1,268 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Cemex by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock worth $329,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in Cemex by 3.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock worth $387,000 after purchasing an additional 1,389 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total transaction of $425,600.00. Following the completion of the transaction, the insider owned 846,010 shares in the company, valued at $10,287,481.60. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CX. Scotiabank lifted their price target on Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays reiterated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Zacks Research lowered Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. lifted their target price on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Cemex has an average rating of “Moderate Buy” and an average price target of $12.77.

Cemex Trading Up 4.1%

NYSE CX opened at $13.08 on Wednesday. Cemex S.A.B. de C.V. has a one year low of $6.63 and a one year high of $13.67. The company has a 50-day simple moving average of $11.92 and a 200-day simple moving average of $11.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. The firm has a market capitalization of $18.95 billion, a PE ratio of 40.88 and a beta of 1.51.

Cemex (NYSE:CX) last posted its quarterly earnings results on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Cemex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 11th were paid a $0.0225 dividend. The ex-dividend date was Wednesday, March 11th. This is an increase from Cemex’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. Cemex’s payout ratio is presently 28.13%.

Cemex 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.