Jump Financial LLC Sells 91,553 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Jump Financial LLC reduced its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 48.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,000 shares of the Wireless communications provider's stock after selling 91,553 shares during the quarter. Jump Financial LLC's holdings in América Móvil were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. J.P. Morgan Private Wealth Advisors LLC grew its stake in shares of América Móvil by 2.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider's stock worth $532,000 after acquiring an additional 826 shares during the period. NewEdge Wealth LLC increased its stake in shares of América Móvil by 5.9% in the fourth quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider's stock worth $313,000 after purchasing an additional 944 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of América Móvil by 7.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider's stock worth $311,000 after purchasing an additional 1,133 shares in the last quarter. Allworth Financial LP raised its position in shares of América Móvil by 198.8% in the third quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider's stock valued at $31,000 after purchasing an additional 1,203 shares during the period. Finally, CWM LLC lifted its stake in shares of América Móvil by 9.3% during the 4th quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider's stock valued at $348,000 after buying an additional 1,599 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Price Performance

Shares of NYSE AMX traded up $0.07 during midday trading on Wednesday, hitting $19.94. 2,487,419 shares of the company's stock were exchanged, compared to its average volume of 1,447,188. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.81. The business's fifty day moving average price is $18.85 and its two-hundred day moving average price is $18.37. The company has a market cap of $61.91 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.49 and a beta of 0.96. América Móvil, S.A.B. de C.V. has a 12-month low of $15.99 and a 12-month high of $23.07.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.17). The company had revenue of $11.98 billion during the quarter, compared to analysts' expectations of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. As a group, research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

AMX has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of América Móvil from $21.00 to $22.80 and gave the company a "buy" rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price target on América Móvil from $15.00 to $17.50 and gave the company an "underweight" rating in a research report on Monday, April 1st. StockNews.com raised América Móvil from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. Scotiabank lifted their target price on América Móvil from $16.60 to $17.20 and gave the company a "sector perform" rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group upgraded América Móvil from a "neutral" rating to a "buy" rating and upped their price target for the company from $21.00 to $22.00 in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.08.

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 also 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.