Schechter Investment Advisors LLC Sells 10,362 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Schechter Investment Advisors LLC reduced its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 32.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,339 shares of the Wireless communications provider’s stock after selling 10,362 shares during the quarter. Schechter Investment Advisors LLC’s holdings in América Móvil were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMX. Spire Wealth Management purchased a new stake in América Móvil during the fourth quarter valued at $32,000. R Squared Ltd bought a new stake in shares of América Móvil in the 4th quarter worth about $49,000. Raleigh Capital Management Inc. purchased a new stake in shares of América Móvil during the 4th quarter valued at about $57,000. Blue Trust Inc. lifted its holdings in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the last quarter. Finally, Modus Advisors LLC purchased a new position in América Móvil in the fourth quarter worth about $80,000. 6.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group decreased their price objective on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com downgraded América Móvil from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Scotiabank cut their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, América Móvil currently has a consensus rating of “Hold” and an average price target of $17.15.

América Móvil Price Performance

Shares of AMX stock opened at $14.23 on Thursday. The stock has a 50 day moving average price of $14.31 and a 200 day moving average price of $15.32. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market capitalization of $43.67 billion, a P/E ratio of 29.03, a P/E/G ratio of 0.77 and a beta of 0.93.

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 the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 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.