Two Sigma Securities LLC Makes New $471,000 Investment in Vodafone Group PLC $VOD

Two Sigma Securities LLC acquired a new stake in Vodafone Group PLC (NASDAQ:VOD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 35,627 shares of the cell phone carrier’s stock, valued at approximately $471,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bayban grew its position in Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 2,009 shares during the period. Western Wealth Management LLC bought a new position in shares of Vodafone Group during the first quarter valued at $34,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,193 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after purchasing an additional 717 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Vodafone Group by 207.6% during the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after purchasing an additional 2,215 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Up 0.1%

NASDAQ VOD opened at $16.07 on Thursday. Vodafone Group PLC has a 52 week low of $11.12 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The stock has a fifty day moving average of $15.26 and a 200-day moving average of $15.16.

Analysts Set New Price Targets

Several analysts have weighed in on VOD shares. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. Wall Street Zen raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research report on Tuesday, May 26th. Finally, New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Vodafone Group presently has a consensus rating of “Reduce” and an average price target of $10.57.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.