Quantbot Technologies LP purchased a new position in shares of Veoneer Inc (NYSE:VNE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,322 shares of the company’s stock, valued at approximately $513,000.
Other institutional investors have also made changes to their positions in the company. Credit Suisse AG purchased a new stake in Veoneer during the 3rd quarter worth $64,380,000. Anderson Hoagland & Co. purchased a new stake in Veoneer during the 3rd quarter worth $756,000. LSV Asset Management purchased a new stake in Veoneer during the 3rd quarter worth $132,000. Phoenix Investment Adviser LLC purchased a new stake in Veoneer during the 2nd quarter worth $144,000. Finally, BTIM Corp. purchased a new stake in Veoneer during the 3rd quarter worth $6,037,000. 27.87% of the stock is owned by hedge funds and other institutional investors.
VNE has been the subject of a number of research reports. Jefferies Financial Group raised shares of Veoneer from a “hold” rating to a “buy” rating and decreased their price target for the stock from $50.00 to $42.00 in a research report on Thursday, November 8th. Morgan Stanley lowered shares of Veoneer from an “overweight” rating to an “equal weight” rating and set a $43.00 price objective on the stock. in a report on Thursday. Longbow Research reiterated a “hold” rating on shares of Veoneer in a report on Friday, August 24th. Buckingham Research set a $34.00 price objective on shares of Veoneer and gave the stock a “hold” rating in a report on Tuesday, October 30th. Finally, Macquarie assumed coverage on shares of Veoneer in a report on Monday, October 8th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.47.
Shares of VNE stock opened at $31.36 on Friday. Veoneer Inc has a 12 month low of $30.01 and a 12 month high of $57.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.62 and a quick ratio of 2.35.
Veoneer (NYSE:VNE) last issued its quarterly earnings data on Thursday, October 25th. The company reported ($0.78) EPS for the quarter, hitting analysts’ consensus estimates of ($0.78). The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $532.60 million. Equities research analysts anticipate that Veoneer Inc will post -2.84 earnings per share for the current year.
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Veoneer Company Profile
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronics products. The company offers automotive radars, cameras with driver assist systems, night vision systems, positioning systems, restraint control, sensing, and brake systems. The company is based in Stockholm, Sweden.
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