Horizon Kinetics Asset Management LLC Grows Position in Telefónica, S.A. (NYSE:TEF)

Horizon Kinetics Asset Management LLC grew its stake in shares of Telefónica, S.A. (NYSE:TEF) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,277 shares of the utilities provider’s stock after buying an additional 3,500 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Telefónica were worth $1,573,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Gitterman Wealth Management LLC increased 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 buying an additional 3,246 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Telefónica by 383.0% in the fourth quarter. HighTower Advisors LLC now owns 259,229 shares of the utilities provider’s stock valued at $1,042,000 after purchasing an additional 205,558 shares during the period. Natural Investments LLC purchased a new stake in shares of Telefónica in the fourth quarter valued at $94,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Telefónica in the fourth quarter valued at $76,000. Finally, Dorsey & Whitney Trust CO LLC grew its position in shares of Telefónica by 9.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 52,777 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 4,701 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised 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, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of NYSE:TEF opened at $4.73 on Tuesday. The company has a market cap of $26.79 billion, a P/E ratio of -18.17 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $4.93. The business has a fifty day simple moving average of $4.22 and a 200-day simple moving average of $4.43.

Telefónica 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.