Vodafone Group PLC $VOD Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Vodafone Group PLC (NASDAQ:VOD) by 13.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 901,365 shares of the cell phone carrier’s stock after selling 136,525 shares during the period. Gamco Investors INC. ET AL’s holdings in Vodafone Group were worth $10,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in VOD. Arrowstreet Capital Limited Partnership grew its position in Vodafone Group by 22.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock worth $295,079,000 after purchasing an additional 5,160,095 shares during the last quarter. Dupree Financial Group LLC bought a new stake in shares of Vodafone Group during the third quarter valued at approximately $3,097,000. Y Intercept Hong Kong Ltd boosted its position in shares of Vodafone Group by 274.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 193,827 shares of the cell phone carrier’s stock worth $2,248,000 after buying an additional 142,086 shares during the period. Icon Advisers Inc. Co. grew its holdings in Vodafone Group by 17.8% in the 2nd quarter. Icon Advisers Inc. Co. now owns 519,731 shares of the cell phone carrier’s stock worth $5,540,000 after buying an additional 78,474 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in Vodafone Group by 17.3% in the 3rd quarter. Ritholtz Wealth Management now owns 643,452 shares of the cell phone carrier’s stock valued at $7,464,000 after acquiring an additional 95,088 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Down 0.8%

Shares of VOD stock opened at $14.51 on Friday. Vodafone Group PLC has a 1 year low of $8.05 and a 1 year high of $15.91. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average is $14.53 and its 200-day moving average is $12.85.

Analysts Set New Price Targets

A number of brokerages have issued reports on VOD. Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Finally, Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Company 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.