Trexquant Investment LP Acquires Shares of 26,960 Telefônica Brasil S.A. (NYSE:VIV)

Trexquant Investment LP acquired a new stake in Telefônica Brasil S.A. (NYSE:VIV) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 26,960 shares of the Wireless communications provider’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Telefônica Brasil by 2.6% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 835,800 shares of the Wireless communications provider’s stock valued at $7,104,000 after buying an additional 20,875 shares during the period. Quadrant Capital Group LLC increased its stake in Telefônica Brasil by 94.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 2,096 shares during the period. Ergoteles LLC acquired a new position in Telefônica Brasil in the 1st quarter valued at $365,000. Y Intercept Hong Kong Ltd acquired a new position in Telefônica Brasil in the 1st quarter valued at $81,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Telefônica Brasil during the 1st quarter worth $450,000. 7.73% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on VIV. Barclays lowered their price target on shares of Telefônica Brasil from $9.70 to $9.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 7th. Zacks Investment Research raised shares of Telefônica Brasil from a “sell” rating to a “hold” rating in a research note on Saturday, October 9th.

Shares of NYSE VIV opened at $8.32 on Thursday. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.96 and a beta of 0.45. Telefônica Brasil S.A. has a 52 week low of $7.46 and a 52 week high of $9.43. The company’s 50-day moving average price is $8.06 and its 200 day moving average price is $8.21. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, July 27th. The Wireless communications provider reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Telefônica Brasil had a net margin of 11.03% and a return on equity of 5.70%. As a group, research analysts expect that Telefônica Brasil S.A. will post 0.57 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Monday, October 4th. Investors of record on Monday, October 4th were paid a $0.057 dividend. The ex-dividend date of this dividend was Friday, October 1st. Telefônica Brasil’s payout ratio is 41.07%.

Telefônica Brasil Profile

Telefônica Brasil SA, together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, and 4.5G, as well as mobile value-added services and wireless roaming services.

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Institutional Ownership by Quarter for Telefônica Brasil (NYSE:VIV)

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