Seven Eight Capital LP Invests $1.25 Million in Vodafone Group Public Limited (NASDAQ:VOD)

Seven Eight Capital LP acquired a new stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 141,183 shares of the cell phone carrier's stock, valued at approximately $1,252,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of 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 valued at $35,000 after acquiring an additional 2,102 shares in the last quarter. Asset Dedication LLC raised 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 worth $41,000 after acquiring an additional 4,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Vodafone Group Public in the first quarter valued at $46,000. Hexagon Capital Partners LLC increased its stake in shares of 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 purchasing an additional 3,775 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Vodafone Group Public during the second quarter worth about $49,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Vodafone Group Public Price Performance

Vodafone Group Public stock traded down $0.05 during mid-day trading on Friday, reaching $10.01. 2,906,978 shares of the company's stock were exchanged, compared to its average volume of 6,464,948. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31. The business's fifty day simple moving average is $9.56 and its 200 day simple moving average is $9.13. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.39.

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.