Pekin Hardy Strauss Inc. trimmed its holdings in Vodafone Group PLC (NASDAQ:VOD – Free Report) by 67.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,100 shares of the cell phone carrier’s stock after selling 38,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Vodafone Group were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ascent Group LLC increased its holdings in shares of Vodafone Group by 10.5% during the 3rd quarter. Ascent Group LLC now owns 12,859 shares of the cell phone carrier’s stock worth $208,000 after acquiring an additional 1,220 shares during the last quarter. Trek Financial LLC acquired a new stake in Vodafone Group during the 3rd quarter valued at $295,000. Boit C F David acquired a new stake in Vodafone Group during the 3rd quarter valued at $25,000. Profund Advisors LLC boosted its position in Vodafone Group by 12.1% during the third quarter. Profund Advisors LLC now owns 38,797 shares of the cell phone carrier’s stock worth $627,000 after purchasing an additional 4,175 shares during the period. Finally, Vise Technologies Inc. boosted its position in Vodafone Group by 64.9% during the third quarter. Vise Technologies Inc. now owns 141,977 shares of the cell phone carrier’s stock worth $2,293,000 after purchasing an additional 55,854 shares during the period. 7.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on VOD shares. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Vodafone Group in a report on Monday, July 27th. Barclays downgraded shares of Vodafone Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, October 20th. The Goldman Sachs Group upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Vodafone Group in a research report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Vodafone Group currently has a consensus rating of “Hold” and an average target price of $13.13.
View Our Latest Research Report on VOD
Vodafone Group Stock Performance
VOD opened at $15.58 on Friday. The stock has a fifty day moving average of $16.34 and a 200-day moving average of $15.42. Vodafone Group PLC has a fifty-two week low of $11.45 and a fifty-two week high of $17.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.
About Vodafone Group
Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations.
The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.
Vodafone traces its roots to Racal Telecom, which was established in 1984 and became an independent company in 1991.
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