Vodafone Group PLC $VOD Stock: Euro Pacific Asset Management LLC Raises Stake

Euro Pacific Asset Management LLC increased its stake in Vodafone Group PLC (NASDAQ:VOD – Free Report) by 45,047.5% during the 3rd quarter, Holdings Channel reports. The firm owned 7,018,174 shares of the cell phone carrier’s stock after purchasing an additional 7,002,629 shares during the quarter. Vodafone Group comprises approximately 7.4% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. Euro Pacific Asset Management LLC’s holdings in Vodafone Group were worth $113,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. HF Advisory Group LLC raised its position in shares of Vodafone Group by 6.0% during the 3rd quarter. HF Advisory Group LLC now owns 233,425 shares of the cell phone carrier’s stock valued at $3,770,000 after buying an additional 13,295 shares in the last quarter. GAMMA Investing LLC grew its position in Vodafone Group by 10.9% in the third quarter. GAMMA Investing LLC now owns 17,341 shares of the cell phone carrier’s stock worth $280,000 after acquiring an additional 1,699 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Vodafone Group by 7.7% in the third quarter. Valeo Financial Advisors LLC now owns 20,181 shares of the cell phone carrier’s stock worth $326,000 after acquiring an additional 1,435 shares in the last quarter. QRG Capital Management Inc. raised its position in Vodafone Group by 14.1% during the second quarter. QRG Capital Management Inc. now owns 295,539 shares of the cell phone carrier’s stock valued at $3,909,000 after purchasing an additional 36,529 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Vodafone Group by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier’s stock worth $154,000 after purchasing an additional 653 shares during the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VOD. The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday, September 4th. Zacks Research downgraded Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 17th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Weiss Ratings raised Vodafone Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group presently has a consensus rating of “Hold” and an average price target of $10.57.

Check Out Our Latest Analysis on Vodafone Group

Vodafone Group Stock Up 1.1%

NASDAQ:VOD traded up $0.17 during trading hours on Tuesday, reaching $15.56. The company’s stock had a trading volume of 3,089,822 shares, compared to its average volume of 4,138,695. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a 50-day simple moving average of $16.44 and a 200-day simple moving average of $15.52. Vodafone Group PLC has a 1 year low of $11.12 and a 1 year high of $17.71.

Vodafone Group Company Profile

(Free Report)

Vodafone Group Plc is a telecommunications company headquartered in the United Kingdom. It provides mobile voice and data services, fixed-line broadband, digital television and related communications services to consumers and businesses.

The company also serves enterprise customers through Vodafone Business, offering connectivity, cloud and hosting services, cybersecurity, unified communications, and Internet of Things solutions. Vodafone’s operations and partnerships span several European markets and countries in Africa, with services delivered through mobile and fixed networks.

Vodafone traces its origins to the mobile telecommunications business of Racal Electronics and became an independent company in 1991.

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