Peapack Gladstone Financial Corp Lowers Position in Telefónica, S.A. (NYSE:TEF)

Peapack Gladstone Financial Corp trimmed its holdings in Telefónica, S.A. (NYSE:TEF) by 27.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,500 shares of the utilities provider’s stock after selling 9,463 shares during the period. Peapack Gladstone Financial Corp’s holdings in Telefónica were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Telefónica by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock worth $1,499,000 after purchasing an additional 24,854 shares in the last quarter. FMR LLC lifted its holdings in shares of Telefónica by 8.3% during the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock valued at $9,229,000 after purchasing an additional 146,259 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Telefónica by 78.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 173,860 shares of the utilities provider’s stock valued at $845,000 after purchasing an additional 76,657 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Telefónica by 17.9% in the 3rd quarter. Captrust Financial Advisors now owns 34,241 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 5,191 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Telefónica by 274.0% in 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. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Stock Up 2.2 %

TEF stock opened at $4.47 on Thursday. The firm has a market cap of $25.32 billion, a PE ratio of -17.17 and a beta of 0.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The firm’s 50 day moving average price is $4.45 and its 200-day moving average price is $4.42. Telefónica, S.A. has a one year low of $3.89 and a one year high of $4.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Telefónica Profile

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.