Samson Rock Capital LLP Acquires New Shares in VEON Ltd. (NASDAQ:VEON)

Samson Rock Capital LLP purchased a new position in VEON Ltd. (NASDAQ:VEON) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,000 shares of the Wireless communications provider’s stock, valued at approximately $913,000. VEON comprises 0.9% of Samson Rock Capital LLP’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors also recently modified their holdings of VEON. Wellington Management Group LLP grew its position in 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 purchasing an additional 44,013 shares during the period. Helikon Investments Ltd grew its holdings in shares of VEON by 30.4% in the first quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider’s stock worth $60,819,000 after acquiring an additional 591,060 shares during the period. Monaco Asset Management SAM increased its position in VEON by 8.5% during the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after acquiring an additional 2,030 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in VEON during the first quarter valued at $376,000. Finally, Gabelli Funds LLC lifted its holdings in VEON by 18.8% in the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock valued at $3,109,000 after acquiring an additional 20,456 shares during the period. 21.30% of the stock is owned by hedge funds and other institutional investors.

VEON Stock Up 3.6 %

Shares of VEON stock opened at $31.30 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66. VEON Ltd. has a 12 month low of $14.50 and a 12 month high of $32.69. The company has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $26.39.

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

Wall Street Analyst Weigh In

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

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.