Helikon Investments Ltd Buys 138,149 Shares of VEON Ltd. (NASDAQ:VEON)

Helikon Investments Ltd lifted its position in VEON Ltd. (NASDAQ:VEON) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,927,104 shares of the Wireless communications provider’s stock after acquiring an additional 138,149 shares during the period. VEON makes up approximately 12.2% of Helikon Investments Ltd’s holdings, making the stock its 3rd biggest holding. Helikon Investments Ltd’s holdings in VEON were worth $117,377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in VEON in the fourth quarter valued at approximately $119,000. JPMorgan Chase & Co. grew its holdings in shares of VEON by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of VEON in the 3rd quarter valued at $2,069,000. Citigroup Inc. raised its stake in VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock worth $7,567,000 after buying an additional 29,350 shares during the period. Finally, Samson Rock Capital LLP bought a new position in VEON during the third quarter worth about $913,000. Institutional investors own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark assumed coverage on VEON in a report on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price target for the company.

VEON Price Performance

Shares of VEON stock opened at $45.50 on Monday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. VEON Ltd. has a 52 week low of $18.64 and a 52 week high of $48.39. The company’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $32.45.

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

About VEON

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.