5,000,932 Vodafone Group PLC $VOD Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC increased its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 32,170.7% during the third quarter, Holdings Channel reports. The fund owned 5,016,477 shares of the cell phone carrier’s stock after acquiring an additional 5,000,932 shares during the quarter. Vodafone Group makes up approximately 5.6% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Euro Pacific Asset Management LLC’s holdings in Vodafone Group were worth $81,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ethic Inc. lifted its stake in shares of Vodafone Group by 6.7% during the 3rd quarter. Ethic Inc. now owns 166,370 shares of the cell phone carrier’s stock worth $2,687,000 after purchasing an additional 10,392 shares during the period. Parallel Advisors LLC grew its position in shares of Vodafone Group by 6.0% in the third quarter. Parallel Advisors LLC now owns 11,988 shares of the cell phone carrier’s stock valued at $194,000 after purchasing an additional 675 shares during the period. Ascent Group LLC grew its position in shares of Vodafone Group by 10.5% in the third quarter. Ascent Group LLC now owns 12,859 shares of the cell phone carrier’s stock valued at $208,000 after purchasing an additional 1,220 shares during the period. Trek Financial LLC acquired a new position in Vodafone Group in the third quarter valued at $295,000. Finally, Boit C F David acquired a new position in Vodafone Group in the third quarter valued at $25,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOD has been the topic of several recent analyst reports. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research report on Tuesday, July 28th. Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. The Goldman Sachs Group raised shares of Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Weiss Ratings lowered shares of Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Finally, DZ Bank reissued a “neutral” rating on shares of Vodafone Group in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.13.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $15.58 on Monday. Vodafone Group PLC has a 52-week low of $11.45 and a 52-week high of $17.71. The firm has a fifty day moving average of $16.34 and a 200-day moving average of $15.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Vodafone Group Company Profile

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations.

The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.

Vodafone traces its roots to Racal Telecom, which was established in 1984 and became an independent company in 1991.