Renaissance Technologies LLC Sells 2,567,200 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Renaissance Technologies LLC cut its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 24.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,752,732 shares of the cell phone carrier's stock after selling 2,567,200 shares during the quarter. Renaissance Technologies LLC owned 0.29% of Vodafone Group Public worth $68,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VOD. GAMMA Investing LLC boosted its stake in Vodafone Group Public by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier's stock worth $35,000 after purchasing an additional 2,102 shares during the period. Asset Dedication LLC grew its holdings in shares of 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 buying an additional 4,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Vodafone Group Public in the 1st quarter worth about $46,000. Hexagon Capital Partners LLC boosted its position in Vodafone Group Public by 230.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier's stock worth $48,000 after acquiring an additional 3,775 shares during the period. Finally, Rothschild Investment LLC purchased a new position in Vodafone Group Public during the 2nd quarter valued at about $49,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. New Street Research upgraded shares of Vodafone Group Public to a "strong-buy" rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Vodafone Group Public in a report on Thursday, June 20th. They set a "buy" rating on the stock. StockNews.com upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, August 30th. Finally, UBS Group downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Vodafone Group Public currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.45.

Vodafone Group Public Trading Down 1.6 %

VOD stock traded down $0.17 during trading hours on Tuesday, hitting $10.18. The company's stock had a trading volume of 4,765,180 shares, compared to its average volume of 6,496,555. The stock has a 50 day moving average price of $9.53 and a two-hundred day moving average price of $9.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31. Vodafone Group Public Limited has a 12 month low of $8.02 and a 12 month high of $10.37.

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.