Daiwa Securities Group Inc. lifted its stake in VEON Ltd. (NASDAQ:VEON) by 7.4% in the third quarter, Holdings Channel.com reports. The firm owned 267,569 shares of the Wireless communications provider’s stock after acquiring an additional 18,438 shares during the quarter. Daiwa Securities Group Inc.’s holdings in VEON were worth $557,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its holdings in VEON by 1,735.5% in the second quarter. Advisor Group Holdings Inc. now owns 14,005 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 13,242 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in VEON in the second quarter worth approximately $32,000. Veriti Management LLC increased its holdings in VEON by 68.3% in the third quarter. Veriti Management LLC now owns 20,240 shares of the Wireless communications provider’s stock worth $42,000 after buying an additional 8,216 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in VEON by 63.0% in the second quarter. Envestnet Asset Management Inc. now owns 23,946 shares of the Wireless communications provider’s stock worth $44,000 after buying an additional 9,256 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new position in VEON in the second quarter worth approximately $53,000. 21.13% of the stock is owned by institutional investors and hedge funds.
VEON has been the topic of a number of research reports. Zacks Investment Research downgraded VEON from a “hold” rating to a “sell” rating in a report on Wednesday, December 22nd. TheStreet upgraded VEON from a “d” rating to a “c” rating in a report on Tuesday, December 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, VEON presently has a consensus rating of “Hold” and an average price target of $2.29.
Shares of VEON stock opened at $1.71 on Friday. VEON Ltd. has a 12 month low of $1.56 and a 12 month high of $2.38. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 6.75. The business’s 50 day moving average is $1.80 and its two-hundred day moving average is $1.92. The company has a market cap of $2.99 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.36 and a beta of 1.25.
VEON (NASDAQ:VEON) last announced its quarterly earnings results on Thursday, October 28th. The Wireless communications provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). VEON had a net margin of 4.75% and a return on equity of 30.19%. The company had revenue of $2.01 billion for the quarter. As a group, equities analysts expect that VEON Ltd. will post 0.3 EPS for the current fiscal year.
VEON Company Profile
VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan.
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