Finance

Dissecting the Insider Trading Patterns of America Movil, S.A.B. de C.V. (AMX)

Recent insider trends for America Movil, S.A.B. de C.V. (NYSE:AMX) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on AMX is anything to go by, investors should pay attention.

Institutions own 10.95% of America Movil, S.A.B. de C.V. (AMX)’s shares. The total value of these holdings, in millions, is $4,385. Among active positions in the latest quarter, 122 holders increased their positions by a total of 18.73 million shares, 121 holders decreased the positions by a total of 22.76 million shares, and 74 holders held their positions. This works out to a net decrease in ownership of 4.03 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 44 holders initiated new positions by a total of 2.94 million shares and 36 holders exited their positions by a total of 8.73 million shares. This nets out to a decrease of 5.79 million shares and is another bearish sign for AMX.

Insider ownership increased by a total of 0 shares, which suggests that AMX’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. America Movil, S.A.B. de C.V. (NYSE:AMX)’s short interest is 11.18 million shares, or 0.80% of the float. This represents a decrease of -19% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for AMX. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that AMX is a Strong buy, which implies that AMX is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that America Movil, S.A.B. de C.V. (NYSE:AMX) is undervalued.

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