Signaturefd LLC Sells 1,827 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Signaturefd LLC trimmed its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 16.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,039 shares of the Wireless communications provider’s stock after selling 1,827 shares during the quarter. Signaturefd LLC’s holdings in América Móvil were worth $129,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in shares of América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after buying an additional 1,050,203 shares during the period. ABC Arbitrage SA bought a new stake in América Móvil in the 4th quarter valued at $14,238,000. Barclays PLC boosted its stake in América Móvil by 36,692.9% in the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after purchasing an additional 149,707 shares during the period. Raymond James Financial Inc. bought a new position in América Móvil during the 4th quarter worth about $1,386,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of América Móvil in the 3rd quarter valued at about $1,341,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Trading Down 0.6 %

Shares of América Móvil stock opened at $14.09 on Monday. The stock has a market cap of $42.96 billion, a P/E ratio of 28.74, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 12-month low of $13.63 and a 12-month high of $20.31. The business’s 50 day moving average is $14.37 and its 200-day moving average is $15.11.

América Móvil (NYSE:AMX) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMX shares. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. JPMorgan Chase & Co. reduced their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group cut their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, Scotiabank decreased their target price on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.15.

About América Móvil

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.