Assetmark Inc. Acquires 70,928 Shares of America Movil SAB de CV ADR Series L (AMX)

Assetmark Inc. raised its position in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 11.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 678,726 shares of the Wireless communications provider’s stock after purchasing an additional 70,928 shares during the quarter. Assetmark Inc.’s holdings in America Movil SAB de CV ADR Series L were worth $10,900,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AMX. Signature Financial Management Inc. purchased a new position in shares of America Movil SAB de CV ADR Series L in the second quarter worth $167,000. Virtu Financial LLC purchased a new position in shares of America Movil SAB de CV ADR Series L in the third quarter worth $171,000. Engineers Gate Manager LP purchased a new position in shares of America Movil SAB de CV ADR Series L in the second quarter worth $407,000. Stevens Capital Management LP purchased a new position in shares of America Movil SAB de CV ADR Series L in the third quarter worth $605,000. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of America Movil SAB de CV ADR Series L by 33.4% in the third quarter. Alpha Cubed Investments LLC now owns 44,375 shares of the Wireless communications provider’s stock worth $657,000 after buying an additional 11,100 shares in the last quarter. Institutional investors and hedge funds own 7.62% of the company’s stock.

Several equities analysts have recently commented on AMX shares. UBS Group downgraded shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a report on Thursday, September 13th. ValuEngine downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “strong sell” rating in a report on Friday, October 5th. TheStreet raised shares of America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a report on Monday, October 22nd. Finally, Bradesco Corretora raised shares of America Movil SAB de CV ADR Series L to a “neutral” rating in a report on Monday, November 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.75.

Shares of AMX opened at $13.84 on Friday. America Movil SAB de CV ADR Series L has a fifty-two week low of $12.00 and a fifty-two week high of $19.91. The firm has a market capitalization of $44.80 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.50. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 2.94.

America Movil SAB de CV ADR Series L (NYSE:AMX) last announced its quarterly earnings results on Tuesday, October 16th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). America Movil SAB de CV ADR Series L had a return on equity of 12.80% and a net margin of 2.57%. The business had revenue of $13.15 billion during the quarter, compared to the consensus estimate of $12.94 billion. As a group, analysts anticipate that America Movil SAB de CV ADR Series L will post 0.82 EPS for the current year.

The firm also recently declared a dividend, which was paid on Friday, November 9th. Investors of record on Friday, November 9th were given a $0.161 dividend. The ex-dividend date was Thursday, November 8th. America Movil SAB de CV ADR Series L’s dividend payout ratio is presently 45.59%.

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About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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