Fox Run Management L.L.C. Takes $1.13 Million Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Fox Run Management L.L.C. acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 54,639 shares of the Wireless communications provider’s stock, valued at approximately $1,129,000.

A number of other hedge funds also recently made changes to their positions in AMX. Robeco Institutional Asset Management B.V. lifted its position in shares of America Movil by 93.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after buying an additional 4,053,838 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after buying an additional 1,430,626 shares during the last quarter. American Century Companies Inc. lifted its position in shares of America Movil by 79.4% in the third quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after buying an additional 1,082,493 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of America Movil in the second quarter valued at approximately $11,252,000. Finally, Boston Partners lifted its position in shares of America Movil by 9.2% in the third quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock valued at $94,684,000 after buying an additional 381,472 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Price Performance

Shares of NYSE AMX opened at $25.29 on Wednesday. The firm has a market cap of $76.13 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $16.87 and a 1-year high of $27.80. The business’s 50 day moving average is $26.16 and its 200-day moving average is $23.67.

America Movil (NYSE:AMX) last announced its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. The company had revenue of $13.24 billion for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMX shares. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. JPMorgan Chase & Co. increased their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group increased their target price on America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group started coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, America Movil has an average rating of “Hold” and an average target price of $27.02.

America Movil Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.