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UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $2.07 Million in VEON Ltd. (NASDAQ:VEON)

VEON logo with Utilities background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in VEON Ltd. (NASDAQ:VEON - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,008 shares of the Wireless communications provider's stock, valued at approximately $2,069,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of VEON as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Lingotto Investment Management LLP lifted its stake in VEON by 1.0% during the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider's stock valued at $139,754,000 after buying an additional 53,807 shares in the last quarter. Helikon Investments Ltd raised its holdings in shares of VEON by 1.8% during the third quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock valued at $84,840,000 after acquiring an additional 49,680 shares during the period. Citigroup Inc. lifted its position in shares of VEON by 13.4% in the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after acquiring an additional 29,350 shares in the last quarter. Finally, Samson Rock Capital LLP acquired a new position in VEON in the 3rd quarter worth approximately $913,000. Institutional investors and hedge funds own 21.30% of the company's stock.

VEON Stock Performance

NASDAQ VEON traded down $0.76 during trading on Monday, reaching $35.71. 40,454 shares of the company's stock were exchanged, compared to its average volume of 32,803. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66. VEON Ltd. has a fifty-two week low of $18.50 and a fifty-two week high of $38.00. The company's fifty day simple moving average is $32.30 and its 200-day simple moving average is $29.10.

Wall Street Analyst Weigh In

Separately, Benchmark initiated coverage on shares of VEON in a research note on Tuesday, November 12th. They set a "buy" rating and a $48.00 target price on the stock.

View Our Latest Stock Report on VEON

VEON Profile

(Free Report)

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.

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Institutional Ownership by Quarter for VEON (NASDAQ:VEON)

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