Cubist Systematic Strategies LLC Has $961,000 Stock Holdings in Telefonica SA $TEF

Key Points

• Cubist Systematic Strategies LLC increased its stake in Telefonica SA by 340.2%, acquiring a total of 206,150 shares valued at approximately $961,000 as of the latest SEC filing.
• Telefonica's stock price opened at $5.36, with a market capitalization of $30.36 billion and a price-to-earnings ratio of -11.16, highlighting potential challenges in profitability.
• Recent analyst ratings show mixed sentiments, with Wall Street Zen upgrading the stock from "hold" to "buy," while DZ Bank downgraded it from "hold" to "strong sell," resulting in an average rating of "Reduce."

Cubist Systematic Strategies LLC grew its position in shares of Telefonica SA (NYSE:TEF - Free Report) by 340.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,150 shares of the utilities provider's stock after acquiring an additional 159,319 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Telefonica were worth $961,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Northern Trust Corp lifted its holdings in Telefonica by 0.4% in the first quarter. Northern Trust Corp now owns 3,638,295 shares of the utilities provider's stock worth $16,954,000 after purchasing an additional 15,707 shares during the period. American Century Companies Inc. lifted its holdings in Telefonica by 4.1% in the first quarter. American Century Companies Inc. now owns 1,487,510 shares of the utilities provider's stock worth $6,932,000 after purchasing an additional 57,945 shares during the period. Nia Impact Advisors LLC lifted its holdings in Telefonica by 11.5% in the fourth quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider's stock worth $3,951,000 after purchasing an additional 101,030 shares during the period. Point72 Asset Management L.P. lifted its holdings in Telefonica by 48.5% in the fourth quarter. Point72 Asset Management L.P. now owns 470,200 shares of the utilities provider's stock worth $1,890,000 after purchasing an additional 153,634 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Telefonica by 65.0% in the first quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider's stock worth $2,120,000 after purchasing an additional 179,119 shares during the period. Institutional investors and hedge funds own 1.14% of the company's stock.

Telefonica Trading Down 0.5%

TEF stock traded down $0.03 during mid-day trading on Friday, reaching $5.36. 910,524 shares of the stock traded hands, compared to its average volume of 673,999. Telefonica SA has a 52-week low of $3.89 and a 52-week high of $5.72. The stock's fifty day moving average is $5.35 and its 200-day moving average is $5.06. The company has a market cap of $30.36 billion, a P/E ratio of -11.16, a P/E/G ratio of 0.60 and a beta of 0.56. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47.

Telefonica (NYSE:TEF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. The company had revenue of $10.28 billion during the quarter, compared to analysts' expectations of $9.03 billion. As a group, sell-side analysts expect that Telefonica SA will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Telefonica

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.