Amer Movil (AMX) Stake Cut by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its stake in Amer Movil (NYSE:AMX) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,607,623 shares of the company’s stock after selling 163,479 shares during the period. Dimensional Fund Advisors LP owned approximately 0.11% of Amer Movil worth $44,231,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AMX. IFP Advisors Inc increased its position in shares of Amer Movil by 3.9% in the first quarter. IFP Advisors Inc now owns 7,999 shares of the company’s stock valued at $124,000 after buying an additional 303 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Amer Movil during the second quarter valued at approximately $185,000. CIBC World Markets Inc. increased its position in shares of Amer Movil by 15.3% in the second quarter. CIBC World Markets Inc. now owns 15,309 shares of the company’s stock valued at $188,000 after buying an additional 2,029 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Amer Movil during the second quarter valued at approximately $192,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Amer Movil by 5.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,080 shares of the company’s stock valued at $258,000 after buying an additional 1,000 shares during the last quarter. 6.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Amer Movil (NYSE:AMX) opened at 11.79 on Friday. The firm has a market cap of $38.65 billion, a P/E ratio of 29.48 and a beta of 0.99. The firm’s 50-day moving average is $11.67 and its 200-day moving average is $12.68. Amer Movil has a 52-week low of $11.02 and a 52-week high of $17.95.
Several research analysts have commented on the company. BTIG Research assumed coverage on Amer Movil in a research note on Wednesday, June 22nd. They set a “neutral” rating for the company. Barclays PLC lowered their target price on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $12.00 target price on shares of Amer Movil in a research note on Wednesday, September 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Amer Movil currently has a consensus rating of “Hold” and a consensus target price of $14.53.
About Amer Movil
America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.
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