ING Groep NV lowered its position in Amer Movil (NYSE:AMX) by 35.1% during the second quarter, Holdings Channel reports. The firm owned 186,776 shares of the company’s stock after selling 101,024 shares during the period. ING Groep NV’s holdings in Amer Movil were worth $2,288,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AMX. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Amer Movil by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,469 shares of the company’s stock worth $1,276,000 after buying an additional 362 shares during the period. Renaissance Technologies LLC increased its position in Amer Movil by 37.8% in the first quarter. Renaissance Technologies LLC now owns 5,533,200 shares of the company’s stock valued at $85,931,000 after buying an additional 1,518,100 shares during the last quarter. OLD Mission Capital LLC bought a new position in Amer Movil during the first quarter valued at about $428,000. UBS Group AG increased its position in Amer Movil by 48.9% in the first quarter. UBS Group AG now owns 218,920 shares of the company’s stock valued at $3,399,000 after buying an additional 71,929 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Amer Movil by 9.7% in the first quarter. Lazard Asset Management LLC now owns 14,132,996 shares of the company’s stock valued at $219,484,000 after buying an additional 1,249,699 shares during the last quarter. 6.99% of the stock is currently owned by hedge funds and other institutional investors.
Amer Movil (NYSE:AMX) traded up 1.48% during midday trading on Wednesday, reaching $11.64. 3,148,628 shares of the company traded hands. The company’s 50-day moving average price is $11.70 and its 200 day moving average price is $12.79. Amer Movil has a 12 month low of $11.02 and a 12 month high of $18.17. The firm has a market capitalization of $38.16 billion, a PE ratio of 29.10 and a beta of 0.99.
Several equities analysts have issued reports on the stock. Barclays PLC decreased their price objective on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. BTIG Research assumed coverage on shares of Amer Movil in a report on Wednesday, June 22nd. They set a “neutral” rating on the stock. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $12.00 price objective on shares of Amer Movil in a report on Wednesday, September 21st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Amer Movil currently has an average rating of “Hold” and an average 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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