2,520 Shares in VEON Ltd. (NASDAQ:VEON) Purchased by R Squared Ltd

R Squared Ltd purchased a new position in VEON Ltd. (NASDAQ:VEON) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,520 shares of the Wireless communications provider’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VEON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of VEON in the third quarter worth $2,069,000. Samson Rock Capital LLP purchased a new stake in VEON in the 3rd quarter worth $913,000. Citigroup Inc. boosted its holdings in shares of VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock valued at $7,567,000 after purchasing an additional 29,350 shares during the last quarter. Helikon Investments Ltd grew its position in shares of VEON by 5.0% during the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock valued at $117,377,000 after purchasing an additional 138,149 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of VEON in the fourth quarter worth about $119,000. 21.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark started coverage on VEON in a report on Tuesday, November 12th. They set a “buy” rating and a $48.00 price target for the company.

VEON Stock Performance

VEON stock opened at $43.35 on Friday. VEON Ltd. has a 52-week low of $19.00 and a 52-week high of $48.39. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. The firm’s fifty day moving average is $39.46 and its 200 day moving average is $32.79.

VEON (NASDAQ:VEON) last announced its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

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.