VEON Ltd. (NASDAQ:VEON) Shares Acquired by Shah Capital Management

Shah Capital Management increased its position in shares of VEON Ltd. (NASDAQ:VEON) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,950,027 shares of the Wireless communications provider’s stock after acquiring an additional 957 shares during the quarter. VEON makes up about 27.8% of Shah Capital Management’s portfolio, making the stock its biggest holding. Shah Capital Management owned approximately 6.69% of VEON worth $128,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Helikon Investments Ltd increased its stake in VEON by 88.4% during the fourth quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock worth $38,258,000 after acquiring an additional 910,948 shares during the last quarter. Gabelli Funds LLC increased its position in shares of VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after purchasing an additional 10,000 shares during the last quarter. Wellington Management Group LLP raised its holdings in VEON by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after buying an additional 44,013 shares during the period. Monaco Asset Management SAM lifted its position in VEON by 8.5% in the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after buying an additional 2,030 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in VEON during the first quarter worth about $376,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

VEON Stock Up 2.5 %

Shares of NASDAQ VEON opened at $29.36 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66. VEON Ltd. has a twelve month low of $14.50 and a twelve month high of $29.80. The stock has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $25.80.

VEON (NASDAQ:VEON) last announced its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of VEON from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 5th.

VEON 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.