Penserra Capital Management LLC Makes New $36,000 Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Posted by on Feb 28th, 2023

Penserra Capital Management LLC acquired a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,205 shares of the Wireless communications provider’s stock, valued at approximately $36,000.

A number of other hedge funds also recently modified their holdings of AMX. Invesco Ltd. lifted its position in shares of América Móvil by 437.3% in the 1st quarter. Invesco Ltd. now owns 17,657,861 shares of the Wireless communications provider’s stock worth $373,465,000 after acquiring an additional 14,371,448 shares during the period. Driehaus Capital Management LLC bought a new position in shares of América Móvil during the 2nd quarter worth approximately $30,830,000. Sei Investments Co. lifted its position in shares of América Móvil by 1,260.6% during the 2nd quarter. Sei Investments Co. now owns 1,268,578 shares of the Wireless communications provider’s stock worth $25,917,000 after buying an additional 1,175,344 shares during the period. Axiom Investors LLC DE lifted its position in shares of América Móvil by 113.3% during the 2nd quarter. Axiom Investors LLC DE now owns 1,388,390 shares of the Wireless communications provider’s stock worth $28,365,000 after buying an additional 737,570 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of América Móvil by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,268,975 shares of the Wireless communications provider’s stock worth $66,785,000 after buying an additional 529,500 shares during the period. Institutional investors own 5.55% of the company’s stock.

América Móvil Trading Up 0.5 %

Shares of AMX opened at $20.59 on Tuesday. The stock has a fifty day moving average price of $19.90 and a two-hundred day moving average price of $18.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.69 and a current ratio of 0.74. América Móvil, S.A.B. de C.V. has a 52-week low of $16.13 and a 52-week high of $22.65. The company has a market cap of $65.48 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.78 and a beta of 0.87.

Wall Street Analyst Weigh In

AMX has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research report on Thursday, February 23rd. StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 22nd. Finally, UBS Group downgraded América Móvil from a “buy” rating to a “neutral” rating and raised their target price for the stock from $20.40 to $22.50 in a research report on Monday, November 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.70.

About América Móvil

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America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).

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Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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