Hennion & Walsh Asset Management Inc. Takes $618,000 Position in VEON Ltd. $VEON

Hennion & Walsh Asset Management Inc. acquired a new position in VEON Ltd. (NASDAQ:VEON) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,765 shares of the Wireless communications provider’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VEON. Panview Capital Ltd purchased a new position in VEON during the 3rd quarter worth approximately $22,481,000. Mackenzie Financial Corp purchased a new stake in shares of VEON in the 3rd quarter valued at $15,005,000. Millennium Management LLC increased its stake in shares of VEON by 275.3% in the third quarter. Millennium Management LLC now owns 133,478 shares of the Wireless communications provider’s stock worth $7,265,000 after acquiring an additional 97,913 shares during the period. Lingotto Investment Management LLP raised its holdings in shares of VEON by 1.2% during the second quarter. Lingotto Investment Management LLP now owns 5,957,666 shares of the Wireless communications provider’s stock worth $274,470,000 after purchasing an additional 70,659 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of VEON by 31.5% during the third quarter. Two Sigma Investments LP now owns 276,426 shares of the Wireless communications provider’s stock worth $15,046,000 after purchasing an additional 66,153 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on VEON shares. Weiss Ratings reiterated a “hold (c)” rating on shares of VEON in a research note on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of VEON in a research report on Friday, March 13th. Zacks Research upgraded shares of VEON from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Finally, Wall Street Zen upgraded VEON from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $60.00.

VEON Price Performance

Shares of VEON opened at $47.72 on Friday. VEON Ltd. has a 1-year low of $34.55 and a 1-year high of $64.00. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market cap of $3.53 billion, a PE ratio of 6.42 and a beta of 1.67. The firm has a fifty day moving average price of $52.07 and a 200 day moving average price of $51.73.

VEON (NASDAQ:VEON) last announced its earnings results on Saturday, February 14th. The Wireless communications provider reported ($0.44) EPS for the quarter. VEON had a net margin of 12.12% and a return on equity of 47.86%. The business had revenue of $1.17 billion during the quarter.

VEON Company Profile

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.