Orion Portfolio Solutions LLC Takes $72,000 Position in America Movil SAB de CV ADR Series L (NYSE:AMX)

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Orion Portfolio Solutions LLC purchased a new position in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,480 shares of the Wireless communications provider’s stock, valued at approximately $72,000.

Several other hedge funds have also recently modified their holdings of the stock. Genesis Investment Management LLP lifted its position in shares of America Movil SAB de CV ADR Series L by 4.8% during the 4th quarter. Genesis Investment Management LLP now owns 6,583,399 shares of the Wireless communications provider’s stock worth $105,334,000 after buying an additional 299,633 shares during the last quarter. Northcape Capital Pty Ltd raised its stake in America Movil SAB de CV ADR Series L by 3.9% during the 4th quarter. Northcape Capital Pty Ltd now owns 5,039,758 shares of the Wireless communications provider’s stock worth $80,636,000 after acquiring an additional 187,438 shares in the last quarter. Bank of America Corp DE lifted its position in America Movil SAB de CV ADR Series L by 126.3% in the fourth quarter. Bank of America Corp DE now owns 3,903,008 shares of the Wireless communications provider’s stock valued at $62,448,000 after acquiring an additional 2,178,362 shares during the last quarter. Renaissance Technologies LLC lifted its position in America Movil SAB de CV ADR Series L by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,647,573 shares of the Wireless communications provider’s stock valued at $58,361,000 after acquiring an additional 991,603 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in America Movil SAB de CV ADR Series L by 15.8% in the third quarter. Parametric Portfolio Associates LLC now owns 3,565,608 shares of the Wireless communications provider’s stock valued at $52,985,000 after acquiring an additional 487,330 shares in the last quarter. Hedge funds and other institutional investors own 6.78% of the company’s stock.

AMX has been the topic of a number of research analyst reports. Zacks Investment Research cut America Movil SAB de CV ADR Series L from a “strong-buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a research report on Tuesday, February 4th. TheStreet downgraded America Movil SAB de CV ADR Series L from a “b” rating to a “c+” rating in a research note on Tuesday. Finally, ValuEngine lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.50.

AMX traded up $0.48 during trading on Thursday, hitting $13.04. The stock had a trading volume of 4,613,377 shares, compared to its average volume of 3,507,679. The firm has a market capitalization of $42.85 billion, a P/E ratio of 12.30, a PEG ratio of 0.71 and a beta of 0.49. The company’s 50-day moving average price is $15.67 and its 200 day moving average price is $15.68. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.55 and a current ratio of 0.63. America Movil SAB de CV ADR Series L has a twelve month low of $11.07 and a twelve month high of $18.03.

America Movil SAB de CV ADR Series L (NYSE:AMX) last issued its quarterly earnings results on Tuesday, February 11th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.21 billion. America Movil SAB de CV ADR Series L had a return on equity of 27.85% and a net margin of 6.73%. As a group, equities analysts expect that America Movil SAB de CV ADR Series L will post 1.24 earnings per share for the current fiscal year.

America Movil SAB de CV ADR Series L Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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