O Shaughnessy Asset Management LLC Sells 44,365 Shares of Telefónica, S.A. (NYSE:TEF)

O Shaughnessy Asset Management LLC decreased its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 18.1% in the fourth quarter, HoldingsChannel reports. The fund owned 200,420 shares of the utilities provider’s stock after selling 44,365 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Telefónica were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TEF. Charles Schwab Investment Management Inc. grew its holdings in Telefónica by 8.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock valued at $1,499,000 after purchasing an additional 24,854 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Telefónica by 293.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock valued at $172,000 after buying an additional 26,410 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Telefónica by 274.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock valued at $1,539,000 after acquiring an additional 231,919 shares during the period. Sanctuary Advisors LLC purchased a new stake in Telefónica in the 3rd quarter worth approximately $45,000. Finally, Merit Financial Group LLC bought a new stake in Telefónica during the 4th quarter worth approximately $47,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Stock Performance

NYSE TEF opened at $4.37 on Wednesday. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of -16.82 and a beta of 0.43. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a twelve month low of $3.89 and a twelve month high of $4.93. The business has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.42.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Telefónica

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.