Hamilton Wealth LLC grew its holdings in Telefonica S.A. (NYSE:TEF) by 127.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,575 shares of the utilities provider’s stock after purchasing an additional 210,718 shares during the period. Telefonica comprises approximately 2.3% of Hamilton Wealth LLC’s holdings, making the stock its 17th largest holding. Hamilton Wealth LLC’s holdings in Telefonica were worth $3,114,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in TEF. Duff & Phelps Investment Management Co. purchased a new stake in Telefonica in the first quarter worth $5,124,000. First Trust Advisors LP increased its stake in Telefonica by 308.3% in the first quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock worth $6,315,000 after purchasing an additional 570,383 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Telefonica in the first quarter worth $850,000. Stevens Capital Management LP purchased a new stake in Telefonica in the first quarter worth $796,000. Finally, Parametric Portfolio Associates LLC increased its stake in Telefonica by 5.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,981,850 shares of the utilities provider’s stock worth $16,568,000 after purchasing an additional 93,712 shares during the period. Institutional investors and hedge funds own 0.89% of the company’s stock.
Shares of Telefonica stock traded up $0.03 during trading on Thursday, hitting $6.60. 22,784 shares of the stock traded hands, compared to its average volume of 1,875,970. The firm has a market cap of $34.63 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 1.98. Telefonica S.A. has a 52-week low of $6.51 and a 52-week high of $9.08. The stock’s fifty day simple moving average is $7.68 and its 200 day simple moving average is $8.20.
TEF has been the topic of several research reports. DZ Bank upgraded Telefonica from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Bank of America lowered Telefonica from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 13th. UBS Group lowered Telefonica from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. Zacks Investment Research upgraded Telefonica from a “sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research note on Tuesday, May 28th. Finally, ValuEngine upgraded Telefonica from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.50.
Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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