Mariner LLC Buys 85,867 Shares of Telefónica, S.A. (NYSE:TEF)

Mariner LLC grew its stake in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 468,337 shares of the utilities provider's stock after acquiring an additional 85,867 shares during the period. Mariner LLC's holdings in Telefónica were worth $1,883,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Telefónica by 293.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider's stock worth $172,000 after acquiring an additional 26,410 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Telefónica in the fourth quarter valued at approximately $47,000. Sanctuary Advisors LLC bought a new stake in Telefónica during the third quarter valued at approximately $45,000. MML Investors Services LLC increased its holdings in shares of Telefónica by 7.8% in the 3rd quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider's stock worth $220,000 after buying an additional 3,266 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Telefónica by 20.8% during the 3rd quarter. Barclays PLC now owns 178,271 shares of the utilities provider's stock valued at $867,000 after buying an additional 30,738 shares in the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TEF has been the topic of a number of research analyst reports. Sanford C. Bernstein started coverage on Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Telefónica currently has an average rating of "Hold".

Telefónica Trading Up 0.6 %

Shares of TEF traded up $0.03 during trading hours on Friday, hitting $4.96. The company had a trading volume of 510,185 shares, compared to its average volume of 688,296. Telefónica, S.A. has a 52-week low of $3.89 and a 52-week high of $5.05. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The stock's 50 day moving average price is $4.60 and its 200 day moving average price is $4.41. The firm has a market cap of $28.12 billion, a P/E ratio of -19.08 and a beta of 0.43.

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.