Thornburg Investment Management Inc. Sells 55,788 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Thornburg Investment Management Inc. lowered its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 626,574 shares of the cell phone carrier's stock after selling 55,788 shares during the period. Thornburg Investment Management Inc.'s holdings in Vodafone Group Public were worth $5,582,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Vodafone Group Public by 116.7% in the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier's stock worth $35,000 after buying an additional 2,102 shares during the last quarter. Asset Dedication LLC lifted its position in Vodafone Group Public by 630.9% during the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier's stock valued at $41,000 after purchasing an additional 4,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Vodafone Group Public during the first quarter valued at about $46,000. Hexagon Capital Partners LLC increased its position in Vodafone Group Public by 230.9% in the first quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier's stock worth $48,000 after buying an additional 3,775 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Vodafone Group Public during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VOD shares. StockNews.com raised shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, August 30th. New Street Research raised Vodafone Group Public to a "strong-buy" rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a "buy" rating for the company. Finally, UBS Group downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vodafone Group Public presently has an average rating of "Moderate Buy" and a consensus target price of $14.45.

Vodafone Group Public Stock Performance

Shares of VOD traded up $0.14 during midday trading on Friday, hitting $10.17. 4,756,681 shares of the company traded hands, compared to its average volume of 6,513,667. The firm has a 50 day moving average of $9.46 and a 200-day moving average of $9.08. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. Vodafone Group Public Limited has a 52 week low of $8.02 and a 52 week high of $10.29.

Vodafone Group Public 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.