CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 12.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,392 shares of the construction company’s stock after buying an additional 21,503 shares during the period. Hantz Financial Services Inc.’s holdings in CEMEX were worth $1,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CX. Ashton Thomas Private Wealth LLC acquired a new stake in shares of CEMEX during the second quarter valued at approximately $33,000. Allworth Financial LP lifted its stake in shares of CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in CEMEX in the third quarter worth $77,000. Thoroughbred Financial Services LLC acquired a new position in CEMEX during the second quarter worth $81,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in CEMEX during the third quarter valued at about $87,000. 82.97% of the stock is currently owned by institutional investors.

CEMEX Stock Performance

NYSE CX opened at $5.57 on Monday. The company’s fifty day moving average is $5.76 and its two-hundred day moving average is $6.25. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 18.57 and a beta of 1.49.

CEMEX Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a dividend of $0.021 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is presently 13.33%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CX. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Scotiabank lowered their price target on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reduced their price objective on shares of CEMEX from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of CEMEX from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Finally, Barclays cut their target price on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, CEMEX currently has an average rating of “Moderate Buy” and an average target price of $7.82.

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.