Mercuria Capital Strategies LLC Makes New $2.62 Million Investment in Cemex S.A.B. de C.V. $CX

Mercuria Capital Strategies LLC acquired a new position in Cemex S.A.B. de C.V. (NYSE:CX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 228,102 shares of the construction company’s stock, valued at approximately $2,621,000. Cemex comprises 2.2% of Mercuria Capital Strategies LLC’s portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Havemeyer Place LP purchased a new stake in shares of Cemex during the fourth quarter worth about $135,000. Vise Technologies Inc. increased its stake in shares of Cemex by 12.0% during the fourth quarter. Vise Technologies Inc. now owns 52,079 shares of the construction company’s stock worth $598,000 after purchasing an additional 5,591 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Cemex by 47.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,921,189 shares of the construction company’s stock worth $45,054,000 after purchasing an additional 1,254,515 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Cemex by 2.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 652,507 shares of the construction company’s stock worth $7,497,000 after purchasing an additional 18,042 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Cemex by 3.1% during the fourth quarter. BNP Paribas Financial Markets now owns 4,136,409 shares of the construction company’s stock worth $47,527,000 after purchasing an additional 124,420 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

NYSE:CX opened at $12.48 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 39.01 and a beta of 1.51. The company’s 50-day moving average is $12.31 and its two-hundred day moving average is $11.89. Cemex S.A.B. de C.V. has a 1-year low of $6.63 and a 1-year high of $13.67.

Cemex (NYSE:CX) last issued its quarterly earnings data 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%. Analysts forecast that Cemex S.A.B. de C.V. will post 0.91 EPS for the current year.

Insider Activity at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the transaction, the insider directly owned 846,010 shares in the company, valued at approximately $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

CX has been the subject of a number of research reports. Barclays reissued an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research note on Monday, March 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $12.75 target price on shares of Cemex in a research note on Friday, April 24th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

Cemex Company 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.