River Road Asset Management LLC trimmed its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 5.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,063 shares of the Wireless communications provider’s stock after selling 723 shares during the quarter. River Road Asset Management LLC’s holdings in América Móvil were worth $164,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of América Móvil in the first quarter valued at $15,326,000. BlackRock Inc. grew its holdings in América Móvil by 10.3% during the 1st quarter. BlackRock Inc. now owns 5,479,105 shares of the Wireless communications provider’s stock worth $74,405,000 after acquiring an additional 509,676 shares during the last quarter. Bienville Capital Management LLC acquired a new stake in América Móvil in the 4th quarter valued at about $4,943,000. Prince Street Capital Management LLC bought a new position in shares of América Móvil in the fourth quarter worth about $3,954,000. Finally, Wells Fargo & Company MN lifted its position in shares of América Móvil by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,267,732 shares of the Wireless communications provider’s stock worth $134,753,000 after purchasing an additional 234,530 shares in the last quarter. 6.27% of the stock is owned by institutional investors.
Shares of NYSE AMX opened at $16.24 on Friday. América Móvil, S.A.B. de C.V. has a fifty-two week low of $11.59 and a fifty-two week high of $16.25. The firm has a market capitalization of $54.03 billion, a price-to-earnings ratio of 14.90 and a beta of 0.70. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $14.71.
Separately, Zacks Investment Research lowered América Móvil from a “strong-buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, May 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.33.
About América Móvil
AmÃ©rica MÃ³vil, SAB. de C.V. provides telecommunications services in Latin America and internationally. 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 data centers, data administration, and hosting services to residential and corporate clients; value-added services, including 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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