Daiwa Securities Group Inc. Cuts Holdings in VEON Ltd. (NASDAQ:VEON)

Daiwa Securities Group Inc. decreased its position in VEON Ltd. (NASDAQ:VEON) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,439 shares of the Wireless communications provider’s stock after selling 650 shares during the period. Daiwa Securities Group Inc.’s holdings in VEON were worth $271,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL bought a new position in shares of VEON in the first quarter valued at approximately $376,000. Monaco Asset Management SAM increased its position in shares of VEON by 8.5% during the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after purchasing an additional 2,030 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after purchasing an additional 10,000 shares during the period. Wellington Management Group LLP boosted its holdings in shares of VEON by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock worth $10,645,000 after buying an additional 44,013 shares during the last quarter. Finally, Helikon Investments Ltd grew its position in VEON by 88.4% during the fourth quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock valued at $38,258,000 after buying an additional 910,948 shares during the period. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of VEON from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 5th.

VEON Stock Up 2.5 %

Shares of NASDAQ VEON opened at $29.36 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $27.25 and a two-hundred day simple moving average of $25.80. VEON Ltd. has a 1-year low of $14.50 and a 1-year high of $29.80.

VEON (NASDAQ:VEON) last posted its quarterly earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter.

VEON Company Profile

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.