Quadrature Capital Ltd purchased a new position in VEON Ltd. (NASDAQ:VEON) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 167,299 shares of the Wireless communications provider’s stock, valued at approximately $348,000.
Other large investors have also recently modified their holdings of the company. Veriti Management LLC boosted its stake in shares of VEON by 68.3% in the third quarter. Veriti Management LLC now owns 20,240 shares of the Wireless communications provider’s stock worth $42,000 after acquiring an additional 8,216 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of VEON during the second quarter valued at about $53,000. Corient Capital Partners LLC raised its stake in shares of VEON by 90.7% in the 2nd quarter. Corient Capital Partners LLC now owns 39,940 shares of the Wireless communications provider’s stock valued at $73,000 after acquiring an additional 19,001 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of VEON in the 3rd quarter worth approximately $120,000. Finally, Hsbc Holdings PLC boosted its position in shares of VEON by 9.5% during the 3rd quarter. Hsbc Holdings PLC now owns 82,462 shares of the Wireless communications provider’s stock worth $171,000 after purchasing an additional 7,185 shares during the period. 23.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:VEON opened at $1.52 on Friday. VEON Ltd. has a 12 month low of $1.29 and a 12 month high of $2.38. The firm has a market capitalization of $2.66 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.25 and a beta of 1.25. The company has a debt-to-equity ratio of 6.75, a current ratio of 0.62 and a quick ratio of 0.60. The company’s fifty day moving average price is $1.60 and its 200 day moving average price is $1.86.
Several research firms recently issued reports on VEON. Zacks Investment Research downgraded VEON from a “hold” rating to a “sell” rating in a report on Wednesday, December 22nd. TheStreet raised VEON from a “d” rating to a “c” rating in a report on Tuesday, December 7th.
VEON Company Profile
VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan.
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