Helikon Investments Ltd Raises Stock Holdings in VEON Ltd. (NASDAQ:VEON)

Helikon Investments Ltd lifted its holdings in VEON Ltd. (NASDAQ:VEON) by 30.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,533,075 shares of the Wireless communications provider’s stock after acquiring an additional 591,060 shares during the quarter. VEON accounts for about 5.2% of Helikon Investments Ltd’s holdings, making the stock its 6th biggest holding. Helikon Investments Ltd’s holdings in VEON were worth $60,819,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position in VEON by 37.0% during the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,600 shares during the last quarter. Shah Capital Management bought a new stake in VEON in the fourth quarter valued at approximately $97,544,000. National Bank of Canada FI purchased a new stake in shares of VEON during the fourth quarter valued at approximately $50,000. Monaco Asset Management SAM grew its holdings in shares of VEON by 138.0% in the fourth quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock worth $469,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of VEON by 10.1% in the fourth quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of VEON from a “buy” rating to a “hold” rating in a research report on Friday.

VEON Stock Up 0.1 %

Shares of NASDAQ VEON traded up $0.02 during trading hours on Tuesday, hitting $26.04. The company’s stock had a trading volume of 19,071 shares, compared to its average volume of 32,824. VEON Ltd. has a 12 month low of $14.50 and a 12 month high of $27.90. The business has a 50-day simple moving average of $25.59 and a 200-day simple moving average of $23.40.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.