Videocon d2h Limited (VDTH) Shares Sold by LLBH Private Wealth Management LLC
LLBH Private Wealth Management LLC cut its position in Videocon d2h Limited (NASDAQ:VDTH) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 4,915,596 shares of the company’s stock after selling 386,492 shares during the period. Videocon d2h Limited comprises 16.1% of LLBH Private Wealth Management LLC’s holdings, making the stock its 2nd largest position. LLBH Private Wealth Management LLC’s holdings in Videocon d2h Limited were worth $47,878,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Silver Capital Management LLC purchased a new position in Videocon d2h Limited during the second quarter worth approximately $397,000. Boston Partners increased its position in Videocon d2h Limited by 5.7% in the second quarter. Boston Partners now owns 2,047,487 shares of the company’s stock worth $19,943,000 after buying an additional 109,736 shares during the period. Finally, Athos Capital Ltd purchased a new position in Videocon d2h Limited during the second quarter worth approximately $7,968,000. Institutional investors and hedge funds own 27.34% of the company’s stock.
Videocon d2h Limited (NASDAQ VDTH) opened at 8.64 on Tuesday. Videocon d2h Limited has a 52 week low of $7.68 and a 52 week high of $11.74. The firm has a 50-day moving average price of $9.25 and a 200-day moving average price of $10.08. The firm has a market capitalization of $909.28 million, a P/E ratio of 210.73 and a beta of 1.91.
A number of equities analysts have commented on VDTH shares. ValuEngine downgraded Videocon d2h Limited from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub downgraded Videocon d2h Limited from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.
About Videocon d2h Limited
Videocon d2h Limited is engaged in the provision of direct to home (DTH) subscription television services to subscribers in India. The Company operates under the Videocon d2h brand. The Company is engaged in the transmission of programming to subscribers through satellite broadcasting. Its subscribers have access to over 550 national and international channels and services, including approximately 45 high definition (HD) channels and services, and over 42 audio and video services through its Music Channel Services through several subscription packages, as well as the option of choosing add-ons and a la carte channels and receiving certain discounts through long-term recharge offers.
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