Hotchkis & Wiley Capital Management LLC Reduces Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Hotchkis & Wiley Capital Management LLC trimmed its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 97.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,670 shares of the cell phone carrier's stock after selling 17,036,052 shares during the quarter. Hotchkis & Wiley Capital Management LLC's holdings in Vodafone Group Public were worth $3,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC increased its position in shares of Vodafone Group Public by 1.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 21,870,016 shares of the cell phone carrier's stock valued at $193,987,000 after acquiring an additional 261,060 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of Vodafone Group Public in the third quarter worth about $82,716,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Vodafone Group Public by 9.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,984,642 shares of the cell phone carrier's stock worth $44,214,000 after purchasing an additional 435,877 shares during the period. Bank of Montreal Can boosted its position in Vodafone Group Public by 12.4% in the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier's stock valued at $43,161,000 after buying an additional 472,537 shares during the last quarter. Finally, Goldentree Asset Management LP raised its position in Vodafone Group Public by 1.9% during the 3rd quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier's stock worth $32,898,000 after buying an additional 60,943 shares during the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock traded up $0.11 on Friday, reaching $9.17. The company's stock had a trading volume of 6,853,149 shares, compared to its average volume of 6,541,854. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.39. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $9.30 and a 200-day moving average price of $9.38.

Vodafone Group Public Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Investors of record on Friday, November 22nd will be given a dividend of $0.2423 per share. This represents a dividend yield of 8%. The ex-dividend date is Friday, November 22nd.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.