Magnolia Capital Advisors LLC Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Magnolia Capital Advisors LLC bought a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,966 shares of the Wireless communications provider’s stock, valued at approximately $220,000.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC grew its position in shares of 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 period. Capital International Investors grew its position in shares of América Móvil by 9.9% in the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Schroder Investment Management Group lifted its stake in shares of América Móvil by 178.8% in the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after buying an additional 6,298,239 shares in the last quarter. Oaktree Capital Management LP purchased a new position in shares of América Móvil in the fourth quarter worth about $42,575,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of América Móvil in the first quarter worth about $1,353,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMX. UBS Group decreased their price target 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 decreased their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com began coverage on shares of América Móvil in a research note on Tuesday, September 24th. They issued a “strong-buy” rating on the stock. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.23.

América Móvil Price Performance

Shares of AMX stock opened at $16.36 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The firm’s 50-day moving average is $16.67 and its two-hundred day moving average is $17.74. América Móvil, S.A.B. de C.V. has a 12 month low of $15.55 and a 12 month high of $20.31. The company has a market capitalization of $50.80 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

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

América Móvil 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.