Sei Investments Co. Has $8.82 Million Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sei Investments Co. cut its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 616,002 shares of the Wireless communications provider’s stock after selling 3,870 shares during the quarter. Sei Investments Co.’s holdings in América Móvil were worth $8,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in shares of América Móvil by 32.5% during the third quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after purchasing an additional 54,245 shares during the period. FMR LLC raised its holdings in shares of América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after acquiring an additional 36,520 shares in the last quarter. Hantz Financial Services Inc. boosted its position in América Móvil by 3.0% during the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after purchasing an additional 2,177 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in América Móvil by 8.7% in the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock valued at $9,151,000 after purchasing an additional 44,631 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in América Móvil in the third quarter valued at about $234,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

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

América Móvil Stock Down 0.5 %

Shares of América Móvil stock opened at $14.41 on Monday. The stock has a 50 day moving average price of $14.41 and a two-hundred day moving average price of $15.04. 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 stock has a market capitalization of $43.94 billion, a P/E ratio of 29.40, a PEG ratio of 0.77 and a beta of 0.95.

América Móvil (NYSE:AMX) last released 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 analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.