Helikon Investments Ltd Has $27.92 Million Holdings in VEON Ltd. $VEON

Helikon Investments Ltd decreased its position in VEON Ltd. (NASDAQ:VEON) by 64.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 512,938 shares of the Wireless communications provider’s stock after selling 949,357 shares during the quarter. VEON comprises 1.9% of Helikon Investments Ltd’s investment portfolio, making the stock its 13th largest holding. Helikon Investments Ltd owned 0.69% of VEON worth $27,919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VEON. Osaic Holdings Inc. increased its position in VEON by 36.8% during the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after buying an additional 388 shares during the last quarter. Samson Rock Capital LLP bought a new stake in shares of VEON during the 2nd quarter worth about $138,000. Truist Financial Corp acquired a new position in shares of VEON during the 3rd quarter valued at about $208,000. Personal CFO Solutions LLC acquired a new position in shares of VEON during the 3rd quarter valued at about $208,000. Finally, Burns Matteson Capital Management LLC bought a new position in shares of VEON in the 3rd quarter valued at approximately $211,000. Institutional investors own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VEON. Wall Street Zen upgraded VEON from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VEON in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of VEON from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

VEON Stock Performance

Shares of NASDAQ VEON opened at $56.24 on Monday. VEON Ltd. has a 12 month low of $34.55 and a 12 month high of $64.00. The company has a market cap of $3.88 billion, a P/E ratio of 6.39 and a beta of 1.61. The business’s 50 day moving average is $53.34 and its two-hundred day moving average is $52.90. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 2.45.

VEON announced that its board has authorized a stock buyback plan on Monday, November 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.