Sei Investments Co. Sells 7,930 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sei Investments Co. decreased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 989,330 shares of the Wireless communications provider’s stock after selling 7,930 shares during the quarter. Sei Investments Co.’s holdings in América Móvil were worth $16,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Private Ocean LLC bought a new position in shares of América Móvil during the first quarter valued at about $26,000. Sound Income Strategies LLC grew its position in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 1,051 shares during the last quarter. Rothschild Investment LLC purchased a new position in América Móvil in the 2nd quarter worth approximately $59,000. Headlands Technologies LLC lifted its position in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 3,539 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of América Móvil by 32.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after purchasing an additional 2,007 shares during the period. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the topic of a number of research reports. UBS Group cut their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Scotiabank reduced their target price on América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a report on Friday, September 20th. Finally, StockNews.com started coverage on América Móvil in a research note on Tuesday. They issued a “strong-buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.23.

América Móvil Price Performance

Shares of AMX opened at $16.30 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The firm’s 50-day simple moving average is $16.74 and its two-hundred day simple moving average is $17.81. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The stock has a market cap of $50.61 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The company had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. Analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

América Móvil Company Profile

América Móvil, 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 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.