Signaturefd LLC Sells 13,931 Shares of Telefónica, S.A. (NYSE:TEF)

Signaturefd LLC trimmed its position in Telefónica, S.A. (NYSE:TEF) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 96,981 shares of the utilities provider’s stock after selling 13,931 shares during the period. Signaturefd LLC’s holdings in Telefónica were worth $378,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management bought a new position in Telefónica in the 3rd quarter valued at $43,000. AlphaQ Advisors LLC bought a new position in Telefónica in the 3rd quarter valued at $46,000. Clarius Group LLC bought a new position in Telefónica in the 3rd quarter valued at $48,000. Trust Point Inc. bought a new position in Telefónica in the 4th quarter valued at $48,000. Finally, Financial Counselors Inc. bought a new position in Telefónica in the 4th quarter valued at $49,000. 1.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

Telefónica Stock Performance

TEF stock opened at $4.43 on Friday. The business’s fifty day moving average is $4.23 and its 200-day moving average is $4.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.85. Telefónica, S.A. has a twelve month low of $3.71 and a twelve month high of $4.53.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $12.09 billion. Telefónica had a positive return on equity of 7.38% and a negative net margin of 2.16%. During the same quarter in the prior year, the business posted $0.12 EPS. Research analysts predict that Telefónica, S.A. will post 0.33 earnings per share for the current fiscal year.

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.