Ethic Inc. Sells 77,225 Shares of Telefónica, S.A. (NYSE:TEF)

Ethic Inc. trimmed its position in shares of Telefónica, S.A. (NYSE:TEF) by 11.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 584,434 shares of the utilities provider’s stock after selling 77,225 shares during the period. Ethic Inc.’s holdings in Telefónica were worth $2,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEF. Stifel Financial Corp raised its stake in Telefónica by 0.5% in the fourth quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider’s stock valued at $1,866,000 after buying an additional 2,478 shares during the period. Tower Research Capital LLC TRC raised its stake in Telefónica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 2,603 shares during the period. GAMMA Investing LLC lifted its holdings in Telefónica by 18.3% during the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 2,936 shares during the last quarter. Gitterman Wealth Management LLC boosted its position in Telefónica by 8.5% during the fourth quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 3,246 shares during the period. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of Telefónica by 0.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider’s stock valued at $1,573,000 after purchasing an additional 3,500 shares during the last quarter. 1.14% of the stock is owned by institutional investors.

Telefónica Stock Performance

NYSE TEF opened at $4.98 on Monday. The firm’s fifty day moving average price is $4.73 and its two-hundred day moving average price is $4.43. The stock has a market cap of $28.24 billion, a PE ratio of -19.15 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica, S.A. has a fifty-two week low of $3.89 and a fifty-two week high of $5.15.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TEF. Sanford C. Bernstein initiated coverage on shares of Telefónica in a research report on Tuesday, April 22nd. They set a “market perform” rating for the company. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Telefónica Company 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.