GSA Capital Partners LLP Takes Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

GSA Capital Partners LLP bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 81,614 shares of the construction company’s stock, valued at approximately $498,000.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of CEMEX in the 2nd quarter valued at $33,000. Allworth Financial LP increased its stake in CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after buying an additional 1,747 shares during the period. Vontobel Holding Ltd. purchased a new stake in CEMEX during the 3rd quarter worth $77,000. Thoroughbred Financial Services LLC purchased a new stake in CEMEX during the 2nd quarter worth $81,000. Finally, Cetera Advisors LLC purchased a new stake in CEMEX during the 1st quarter worth $130,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Trading Down 0.5 %

NYSE CX opened at $5.45 on Wednesday. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The company has a 50-day simple moving average of $5.86 and a 200-day simple moving average of $6.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. The firm has a market capitalization of $7.90 billion, a PE ratio of 18.17 and a beta of 1.49.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th were issued a $0.021 dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is presently 13.33%.

Analyst Ratings Changes

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