VEON Ltd (NASDAQ:VEON) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in shares of VEON Ltd (NASDAQ:VEON) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,955,000 shares of the Wireless communications provider’s stock after acquiring an additional 395,000 shares during the quarter. Gabelli Funds LLC owned about 0.17% of VEON worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in shares of VEON during the 3rd quarter valued at $26,000. Mackenzie Financial Corp acquired a new position in VEON in the 2nd quarter worth $34,000. Corient Capital Partners LLC lifted its holdings in 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 buying an additional 6,085 shares in the last quarter. M&T Bank Corp acquired a new position in VEON in the 2nd quarter worth $72,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in 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 buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 17.86% of the company’s stock.

Shares of VEON stock opened at $2.44 on Friday. VEON Ltd has a 12 month low of $2.07 and a 12 month high of $3.28. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.44 and a quick ratio of 0.58. The firm has a market capitalization of $4.22 billion, a P/E ratio of -10.61 and a beta of 1.85. The company’s fifty day moving average price is $2.39 and its two-hundred day moving average price is $2.57.

A number of brokerages have commented on VEON. ValuEngine lowered shares of VEON from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. BidaskClub upgraded shares of VEON from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Sberbank CIB lowered shares of VEON from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of VEON in a report on Saturday, October 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. VEON currently has a consensus rating of “Hold” and a consensus target price of $3.19.

VEON Profile

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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