VR Advisory Services Ltd Purchases Shares of 42,703 VEON Ltd. (NASDAQ:VEON)

VR Advisory Services Ltd purchased a new stake in shares of VEON Ltd. (NASDAQ:VEON) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 42,703 shares of the Wireless communications provider’s stock, valued at approximately $1,712,000. VEON makes up 0.4% of VR Advisory Services Ltd’s holdings, making the stock its 17th biggest holding. VR Advisory Services Ltd owned about 0.06% of VEON as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VEON. Lingotto Investment Management LLP boosted its holdings in shares of VEON by 2.9% in the 4th quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider’s stock worth $230,192,000 after purchasing an additional 159,714 shares during the period. Helikon Investments Ltd boosted its holdings in shares of VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock worth $117,377,000 after purchasing an additional 138,149 shares during the period. Diameter Capital Partners LP purchased a new position in shares of VEON in the 4th quarter worth approximately $25,161,000. Russell Investments Group Ltd. boosted its holdings in shares of VEON by 2.2% in the 4th quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider’s stock worth $4,724,000 after purchasing an additional 2,512 shares during the period. Finally, Cyrus Capital Partners L.P. bought a new stake in shares of VEON during the 4th quarter worth approximately $2,994,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

VEON Price Performance

Shares of VEON stock opened at $56.40 on Tuesday. VEON Ltd. has a 52-week low of $25.20 and a 52-week high of $58.30. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $4.17 billion, a P/E ratio of 8.90 and a beta of 1.43. The stock has a 50 day moving average price of $44.55 and a 200 day moving average price of $41.58.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.53. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $996.00 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised their price target on VEON from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, March 25th.

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.