Driehaus Capital Management LLC Has $37.39 Million Position in Telefonica Brasil S.A. (VIV)

Driehaus Capital Management LLC increased its position in shares of Telefonica Brasil S.A. (NYSE:VIV) by 2.4% during the first quarter, Holdings Channel reports. The firm owned 2,518,018 shares of the Wireless communications provider’s stock after buying an additional 58,713 shares during the period. Telefonica Brasil accounts for approximately 1.3% of Driehaus Capital Management LLC’s holdings, making the stock its 12th largest position. Driehaus Capital Management LLC’s holdings in Telefonica Brasil were worth $37,393,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VIV. Macquarie Group Ltd. raised its stake in shares of Telefonica Brasil by 0.4% in the first quarter. Macquarie Group Ltd. now owns 5,155,797 shares of the Wireless communications provider’s stock worth $76,566,000 after buying an additional 19,734 shares during the period. Bank of America Corp DE raised its stake in shares of Telefonica Brasil by 6.8% in the first quarter. Bank of America Corp DE now owns 1,931,898 shares of the Wireless communications provider’s stock worth $28,689,000 after buying an additional 122,697 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Telefonica Brasil during the first quarter worth about $3,332,000. Newfoundland Capital Management bought a new stake in shares of Telefonica Brasil during the first quarter worth about $811,000. Finally, KCG Holdings Inc. bought a new stake in shares of Telefonica Brasil during the first quarter worth about $423,000. Institutional investors and hedge funds own 10.98% of the company’s stock.

Institutional Ownership by Quarter for Telefonica Brasil (NYSE:VIV)

Shares of Telefonica Brasil S.A. (NYSE:VIV) traded down 1.10% during midday trading on Wednesday, hitting $13.51. 1,407,828 shares of the stock were exchanged. The firm has a market cap of $22.81 billion, a P/E ratio of 19.61 and a beta of 1.32. The stock’s 50 day moving average is $14.37 and its 200 day moving average is $14.37. Telefonica Brasil S.A. has a 12-month low of $11.50 and a 12-month high of $15.69.

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A number of brokerages have recently issued reports on VIV. Zacks Investment Research lowered shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Royal Bank Of Canada restated a “hold” rating and issued a $15.50 target price on shares of Telefonica Brasil in a research note on Tuesday, May 16th. Finally, TheStreet upgraded shares of Telefonica Brasil from a “c” rating to a “b-” rating in a research note on Wednesday, March 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.33.

Telefonica Brasil Company Profile

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VIV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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