VEON Ltd (VEON) Shares Bought by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP grew its position in shares of VEON Ltd (NASDAQ:VEON) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,074,100 shares of the Wireless communications provider’s stock after buying an additional 400,000 shares during the quarter. River & Mercantile Asset Management LLP owned 0.12% of VEON worth $7,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its holdings in shares of VEON by 9.2% during the 4th quarter. Gabelli Funds LLC now owns 2,314,000 shares of the Wireless communications provider’s stock valued at $8,886,000 after buying an additional 194,000 shares during the period. Boston Partners lifted its holdings in shares of VEON by 25.0% during the 4th quarter. Boston Partners now owns 219,941 shares of the Wireless communications provider’s stock valued at $845,000 after buying an additional 43,961 shares during the period. Verde Servicos Internacionais S.A. lifted its holdings in shares of VEON by 2.9% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 1,223,085 shares of the Wireless communications provider’s stock valued at $4,696,000 after buying an additional 35,000 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of VEON by 34.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 138,497 shares of the Wireless communications provider’s stock valued at $532,000 after buying an additional 35,341 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of VEON by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 834,435 shares of the Wireless communications provider’s stock valued at $3,205,000 after buying an additional 50,504 shares during the period. 15.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on VEON shares. Zacks Investment Research raised VEON from a “sell” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Thursday, January 25th. BidaskClub raised VEON from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group cut VEON from a “buy” rating to a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.31.

VEON Ltd (VEON) opened at $3.42 on Monday. VEON Ltd has a twelve month low of $3.34 and a twelve month high of $4.50. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 2.29.

VEON (NASDAQ:VEON) last announced its earnings results on Thursday, November 9th. The Wireless communications provider reported $0.07 EPS for the quarter. VEON had a negative return on equity of 6.53% and a net margin of 14.71%. The company had revenue of $2.46 billion for the quarter. equities research analysts predict that VEON Ltd will post 0.04 EPS for the current year.

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VEON Profile

VEON Ltd., formerly VimpelCom Ltd., is a provider of communications services. The Company operates as personal internet platform. It integrates powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities. It enables its users and communities to connect by voice, text, picture and video through a designed interface.

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Institutional Ownership by Quarter for VEON (NASDAQ:VEON)

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