American Trust Investment Advisors LLC Has $354,000 Holdings in Telefonica SA $TEF

Key Points

• American Trust Investment Advisors LLC significantly reduced its holdings in Telefonica SA by 67.1%, dropping to 75,984 shares after selling 155,220 shares during the first quarter.
• Other hedge funds have increased their stakes in Telefonica, with Northern Trust Corp raising its stake by 30.7% and Millennium Management LLC increasing by 179.2% in recent quarters.
• Telefonica's stock opened at $5.37 and has recently reported quarterly earnings of $0.08 EPS, meeting analyst expectations, with revenue surpassing forecasts at $10.28 billion.

American Trust Investment Advisors LLC lessened its holdings in shares of Telefonica SA (NYSE:TEF - Free Report) by 67.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,984 shares of the utilities provider's stock after selling 155,220 shares during the period. American Trust Investment Advisors LLC's holdings in Telefonica were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TEF. Stifel Financial Corp boosted its stake in Telefonica by 0.5% during 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in Telefonica by 71.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after buying an additional 2,603 shares in the last quarter. Cromwell Holdings LLC grew its position in Telefonica by 50.4% in the first quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider's stock worth $47,000 after buying an additional 3,361 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Telefonica by 21.0% in the first quarter. Avantax Advisory Services Inc. now owns 22,603 shares of the utilities provider's stock worth $105,000 after buying an additional 3,924 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Telefonica by 34.5% in the fourth quarter. Focus Partners Wealth now owns 21,170 shares of the utilities provider's stock worth $85,000 after buying an additional 5,435 shares during the last quarter. Institutional investors own 1.14% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TEF. Berenberg Bank upgraded shares of Telefonica to a "hold" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of Telefonica from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, DZ Bank downgraded Telefonica from a "hold" rating to a "strong sell" rating in a research note on Friday, May 16th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

Telefonica Price Performance

NYSE:TEF traded up $0.01 during mid-day trading on Monday, hitting $5.35. The company's stock had a trading volume of 97,496 shares, compared to its average volume of 675,856. Telefonica SA has a fifty-two week low of $3.89 and a fifty-two week high of $5.72. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $30.31 billion, a price-to-earnings ratio of -11.14, a P/E/G ratio of 0.61 and a beta of 0.56. The stock has a fifty day moving average of $5.34 and a 200-day moving average of $5.04.

Telefonica (NYSE:TEF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $9.03 billion. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%. As a group, equities analysts forecast that Telefonica SA will post 0.3 EPS for the current fiscal year.

Telefonica 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.