Amer Movil (AMX) Stake Lowered by Hanson & Doremus Investment Management
Hanson & Doremus Investment Management lowered its position in shares of Amer Movil (NYSE:AMX) by 7.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,383 shares of the company’s stock after selling 1,455 shares during the period. Hanson & Doremus Investment Management’s holdings in Amer Movil were worth $238,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AMX. NN Investment Partners Holdings N.V. bought a new stake in shares of Amer Movil during the first quarter worth $432,000. Fox Run Management L.L.C. bought a new stake in shares of Amer Movil during the second quarter worth $185,000. TIAA CREF Trust Co. FSB MO boosted its stake in shares of Amer Movil by 18.7% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 29,118 shares of the company’s stock worth $357,000 after buying an additional 4,579 shares in the last quarter. Comgest Global Investors S.A.S. boosted its stake in shares of Amer Movil by 11.0% in the second quarter. Comgest Global Investors S.A.S. now owns 1,502,026 shares of the company’s stock worth $18,415,000 after buying an additional 148,400 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Amer Movil by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,350 shares of the company’s stock worth $859,000 after buying an additional 7,052 shares in the last quarter. Institutional investors and hedge funds own 6.86% of the company’s stock.
Shares of Amer Movil (NYSE:AMX) traded up 1.90% during trading on Tuesday, reaching $11.79. The company had a trading volume of 1,286,294 shares. Amer Movil has a 52-week low of $11.02 and a 52-week high of $17.95. The firm has a market capitalization of $38.65 billion, a P/E ratio of 29.48 and a beta of 0.99. The company has a 50 day moving average of $11.65 and a 200-day moving average of $12.58.
Several equities research analysts have commented on the stock. BTIG Research assumed coverage on shares of Amer Movil in a research report on Wednesday, June 22nd. They issued a “neutral” rating on the stock. Barclays PLC dropped their price target on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $12.00 price target on shares of Amer Movil in a research report 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.53.
Amer Movil Company Profile
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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