VEON Ltd. (NASDAQ:VEON) Shares Purchased by Helikon Investments Ltd

Helikon Investments Ltd lifted its position in shares of VEON Ltd. (NASDAQ:VEON) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,927,104 shares of the Wireless communications provider’s stock after purchasing an additional 138,149 shares during the quarter. VEON makes up about 12.2% of Helikon Investments Ltd’s investment portfolio, making the stock its 3rd largest position. Helikon Investments Ltd owned 3.96% of VEON worth $117,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VEON. GAMMA Investing LLC bought a new stake in VEON in the fourth quarter valued at about $119,000. JPMorgan Chase & Co. boosted its holdings in VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 776 shares in the last quarter. 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 approximately $2,069,000. Citigroup Inc. raised its holdings in shares of VEON by 13.4% in 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 in the last quarter. Finally, Samson Rock Capital LLP bought a new position in shares of VEON during the 3rd quarter worth approximately $913,000. 21.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

VEON Trading Up 0.7 %

Shares of VEON stock opened at $45.50 on Monday. VEON Ltd. has a 12-month low of $18.64 and a 12-month high of $48.39. The company has a 50-day simple moving average of $38.70 and a 200 day simple moving average of $32.45. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34.

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

VEON Company Profile

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.