CEMEX, S.A.B. de C.V. (NYSE:CX) Short Interest Update

CEMEX, S.A.B. de C.V. (NYSE:CX) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 17,930,000 shares, a decline of 17.1% from the February 28th total of 21,640,000 shares. Based on an average daily volume of 10,300,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.2% of the company’s stock are short sold.

CEMEX Stock Up 1.3 %

NYSE:CX traded up $0.08 during trading hours on Tuesday, hitting $5.69. The company’s stock had a trading volume of 11,585,589 shares, compared to its average volume of 10,325,650. CEMEX has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $8.24 billion, a P/E ratio of 9.02 and a beta of 1.45. The stock has a fifty day moving average of $6.17 and a 200-day moving average of $5.89.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, equities analysts forecast that CEMEX will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 12.70%.

Hedge Funds Weigh In On CEMEX

Several large investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in shares of CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares in the last quarter. Barclays PLC grew its stake in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after buying an additional 1,843 shares during the last quarter. Townsquare Capital LLC acquired a new position in CEMEX during the fourth quarter worth approximately $57,000. Dark Forest Capital Management LP purchased a new stake in CEMEX in the fourth quarter valued at approximately $59,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of CEMEX in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CX shares. The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 26th. Finally, Royal Bank of Canada upped their price target on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.82.

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.