United Services Automobile Association Invests $2.10 Million in VEON Ltd (NASDAQ:VEON)

United Services Automobile Association bought a new position in VEON Ltd (NASDAQ:VEON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 748,048 shares of the Wireless communications provider’s stock, valued at approximately $2,095,000.

Several other large investors have also recently made changes to their positions in VEON. Mackenzie Financial Corp bought a new position in shares of VEON in the 2nd quarter worth approximately $34,000. Corient Capital Partners LLC raised its position in shares of VEON by 56.9% in the 2nd quarter. Corient Capital Partners LLC now owns 16,788 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 6,085 shares in the last quarter. M&T Bank Corp bought a new position in shares of VEON in the 2nd quarter worth approximately $72,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of VEON by 27.3% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 28,000 shares of the Wireless communications provider’s stock worth $78,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Valmark Advisers Inc. bought a new position in shares of VEON in the 2nd quarter worth approximately $80,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

VEON stock opened at $2.42 on Wednesday. VEON Ltd has a twelve month low of $2.07 and a twelve month high of $3.28. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 2.60. The firm has a market cap of $4.22 billion, a PE ratio of -10.50 and a beta of 1.82. The business has a 50 day moving average of $2.48 and a 200 day moving average of $2.55.



VEON (NASDAQ:VEON) last posted its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). VEON had a net margin of 12.37% and a negative return on equity of 15.89%. The company had revenue of $2.26 billion for the quarter. On average, research analysts expect that VEON Ltd will post 0.36 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on VEON shares. Sberbank CIB lowered VEON from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. UBS Group raised VEON from a “neutral” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Monday, June 17th. Bank of America raised VEON from a “neutral” rating to a “buy” rating and set a $3.17 price objective for the company in a research report on Tuesday, July 9th. TheStreet raised VEON from a “d+” rating to a “c-” rating in a research report on Thursday, July 11th. Finally, ValuEngine lowered VEON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. VEON presently has an average rating of “Hold” and a consensus price target of $3.19.

About VEON

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

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Institutional Ownership by Quarter for VEON (NASDAQ:VEON)

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