Triasima Portfolio Management inc. Purchases Shares of 59,025 Vodafone Group PLC $VOD

Triasima Portfolio Management inc. purchased a new position in shares of Vodafone Group PLC (NASDAQ:VOD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,025 shares of the cell phone carrier’s stock, valued at approximately $781,000.

A number of other institutional investors also recently made changes to their positions in the business. Bayban grew its holdings in shares of Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after purchasing an additional 2,009 shares during the last quarter. Assetmark Inc. lifted its stake in Vodafone Group by 156.8% in the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,389 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Vodafone Group during the first quarter valued at about $34,000. American Capital Advisory LLC grew its stake in shares of Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after buying an additional 696 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 1,193 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Price Performance

Shares of VOD stock opened at $16.09 on Thursday. The business’s 50 day moving average price is $14.84 and its 200-day moving average price is $15.04. Vodafone Group PLC has a fifty-two week low of $11.12 and a fifty-two week high of $16.60. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VOD shares. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price for the company. in a report on Tuesday, May 26th. Barclays downgraded Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Zacks Research cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and a consensus 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.