ClariVest Asset Management LLC Sells 11,400 Shares of America Movil SAB de CV ADR Series L (AMX)

ClariVest Asset Management LLC reduced its position in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,877,200 shares of the Wireless communications provider’s stock after selling 11,400 shares during the quarter. ClariVest Asset Management LLC’s holdings in America Movil SAB de CV ADR Series L were worth $26,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Moody National Bank Trust Division increased its stake in shares of America Movil SAB de CV ADR Series L by 45.0% in the 3rd quarter. Moody National Bank Trust Division now owns 87,134 shares of the Wireless communications provider’s stock valued at $1,399,000 after acquiring an additional 27,050 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of America Movil SAB de CV ADR Series L by 69.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 942,559 shares of the Wireless communications provider’s stock valued at $15,137,000 after acquiring an additional 386,391 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of America Movil SAB de CV ADR Series L in the 3rd quarter valued at about $7,121,000. Schroder Investment Management Group increased its stake in shares of America Movil SAB de CV ADR Series L by 103.8% in the 3rd quarter. Schroder Investment Management Group now owns 20,062,029 shares of the Wireless communications provider’s stock valued at $322,196,000 after acquiring an additional 10,218,271 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of America Movil SAB de CV ADR Series L by 37.3% in the 3rd quarter. American Century Companies Inc. now owns 2,703,987 shares of the Wireless communications provider’s stock valued at $43,426,000 after acquiring an additional 735,280 shares during the last quarter. 7.47% of the stock is owned by hedge funds and other institutional investors.

Shares of AMX opened at $15.91 on Monday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.78 and a quick ratio of 0.68. America Movil SAB de CV ADR Series L has a 52-week low of $12.00 and a 52-week high of $19.91. The company has a market capitalization of $52.56 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 0.75 and a beta of 0.38.

Several brokerages recently issued reports on AMX. Zacks Investment Research reiterated a “strong sell” rating on shares of America Movil SAB de CV ADR Series L in a research report on Monday, December 31st. TheStreet upgraded America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research report on Monday, October 22nd. ValuEngine lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. Bradesco Corretora upgraded America Movil SAB de CV ADR Series L to a “neutral” rating in a research report on Monday, November 26th. Finally, Scotiabank set a $19.00 price objective on America Movil SAB de CV ADR Series L and gave the company a “buy” rating in a research report on Wednesday, November 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. America Movil SAB de CV ADR Series L has an average rating of “Hold” and a consensus price target of $19.57.

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America Movil SAB de CV ADR Series L Profile

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.

Further Reading: Quiet Period

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

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