RWC Asset Management LLP Has $30.79 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

RWC Asset Management LLP grew its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,818,540 shares of the construction company’s stock after buying an additional 503,532 shares during the period. CEMEX accounts for about 2.2% of RWC Asset Management LLP’s holdings, making the stock its 15th biggest holding. RWC Asset Management LLP owned 0.33% of CEMEX worth $30,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CX. Ballentine Partners LLC boosted its stake in CEMEX by 6.9% during the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock worth $190,000 after acquiring an additional 1,358 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of CEMEX by 8.9% in the 1st quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock worth $158,000 after purchasing an additional 1,431 shares in the last quarter. Parallel Advisors LLC grew its position in CEMEX by 11.5% in the 4th quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock valued at $109,000 after purchasing an additional 1,443 shares during the period. CWM LLC increased its stake in CEMEX by 75.0% during the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in CEMEX by 6.3% during the 1st quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company’s stock valued at $241,000 after purchasing an additional 1,600 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Trading Up 1.3 %

Shares of CX opened at $6.13 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. CEMEX, S.A.B. de C.V. has a 1-year low of $5.66 and a 1-year high of $9.27. The company has a market capitalization of $8.88 billion, a P/E ratio of 43.79 and a beta of 1.47. The firm’s 50 day simple moving average is $6.36 and its 200 day simple moving average is $7.34.

CEMEX (NYSE:CX) last issued its earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The business had revenue of $4.49 billion during the quarter. Sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The company also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were issued a $0.349 dividend. The ex-dividend date was Monday, June 17th. CEMEX’s dividend payout ratio (DPR) is presently 14.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada started coverage on CEMEX in a research report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 price target for the company. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group assumed coverage on shares of CEMEX in a research note on Wednesday, July 10th. They issued a “buy” rating and a $9.00 price objective for the company. Barclays upgraded CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price on the stock in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $8.00 price target on shares of CEMEX in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.70.

About CEMEX

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.