Monaco Asset Management SAM Reduces Position in VEON Ltd. (NASDAQ:VEON)

Monaco Asset Management SAM lessened its holdings in shares of VEON Ltd. (NASDAQ:VEON - Free Report) by 57.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,900 shares of the Wireless communications provider's stock after selling 13,362 shares during the period. Monaco Asset Management SAM's holdings in VEON were worth $397,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in 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 purchasing an additional 29,350 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of VEON in the 3rd quarter worth approximately $2,069,000. JPMorgan Chase & Co. lifted its holdings in shares of VEON by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 776 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of VEON in the 4th quarter worth approximately $119,000. Finally, Helikon Investments Ltd lifted its holdings in shares of VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after acquiring an additional 138,149 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark upped their price objective on shares of VEON from $48.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, March 3rd.

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VEON Stock Up 2.7 %

VEON stock traded up $1.23 during mid-day trading on Tuesday, reaching $45.98. 254,646 shares of the company's stock were exchanged, compared to its average volume of 55,648. The company has a market cap of $3.40 billion, a P/E ratio of 6.15 and a beta of 1.47. VEON Ltd. has a twelve month low of $22.17 and a twelve month high of $48.39. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. The company has a fifty day moving average of $44.31 and a 200-day moving average of $36.70.

VEON (NASDAQ:VEON - Get Free Report) last released its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

VEON Company Profile

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.