VEON Ltd. (NASDAQ:VEON) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of VEON Ltd. (NASDAQ:VEON) by 300.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 720 shares of the Wireless communications provider’s stock after buying an additional 540 shares during the period. Rhumbline Advisers’ holdings in VEON were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of VEON by 100.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider’s stock worth $58,000 after buying an additional 720 shares during the period. R Squared Ltd acquired a new position in VEON during the fourth quarter valued at $101,000. JPMorgan Chase & Co. lifted its position in VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 776 shares during the period. GAMMA Investing LLC acquired a new position in VEON during the fourth quarter valued at $119,000. Finally, Samson Rock Capital LLP lifted its position in VEON by 20.0% during the fourth quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider’s stock valued at $1,444,000 after purchasing an additional 6,000 shares during the period. 21.30% of the stock is currently owned by institutional investors and hedge funds.

VEON Trading Down 1.4 %

NASDAQ VEON opened at $39.43 on Wednesday. The company has a market capitalization of $2.92 billion, a PE ratio of 5.27 and a beta of 1.47. The company has a fifty day moving average of $44.42 and a 200 day moving average of $36.28. VEON Ltd. has a 1 year low of $22.17 and a 1 year high of $48.39. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80.

VEON (NASDAQ:VEON) last posted its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analysts Set New Price Targets

Separately, Benchmark boosted their target price on shares of VEON from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, March 3rd.

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.