Samson Rock Capital LLP boosted its stake in VEON Ltd. (NASDAQ:VEON - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,000 shares of the Wireless communications provider's stock after buying an additional 6,000 shares during the quarter. VEON makes up about 1.1% of Samson Rock Capital LLP's holdings, making the stock its 5th biggest position. Samson Rock Capital LLP's holdings in VEON were worth $1,444,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in VEON by 100.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock valued at $58,000 after acquiring an additional 720 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in VEON by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 776 shares during the last quarter. R Squared Ltd acquired a new position in VEON in the 4th quarter valued at $101,000. GAMMA Investing LLC acquired a new position in VEON in the 4th quarter valued at $119,000. Finally, Citigroup Inc. raised 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 acquiring an additional 29,350 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Benchmark began coverage on VEON in a report on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective for the company.
Read Our Latest Analysis on VEON
VEON Stock Up 1.9 %
NASDAQ VEON traded up $0.83 during trading hours on Wednesday, hitting $43.65. The company had a trading volume of 168,202 shares, compared to its average volume of 119,692. VEON Ltd. has a fifty-two week low of $21.96 and a fifty-two week 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 firm's 50 day moving average is $41.34 and its 200 day moving average is $33.88.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.
About VEON
(
Free Report)
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.
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