VEON Ltd. (NASDAQ:VEON) is Shah Capital Management’s Largest Position

Shah Capital Management increased its stake in shares of VEON Ltd. (NASDAQ:VEON) by 0.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,950,027 shares of the Wireless communications provider’s stock after purchasing an additional 957 shares during the period. VEON makes up 27.8% of Shah Capital Management’s investment portfolio, making the stock its biggest position. Shah Capital Management owned 0.07% of VEON worth $128,404,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new position in shares of VEON during the first quarter worth $376,000. Monaco Asset Management SAM lifted its holdings in VEON by 8.5% during the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock worth $620,000 after buying an additional 2,030 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after acquiring an additional 10,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of VEON by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after acquiring an additional 44,013 shares during the last quarter. Finally, Helikon Investments Ltd lifted its stake in VEON by 88.4% during the fourth quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock worth $38,258,000 after purchasing an additional 910,948 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of VEON from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 5th.

VEON Stock Up 2.5 %

Shares of NASDAQ:VEON opened at $29.36 on Wednesday. VEON Ltd. has a 12 month low of $14.50 and a 12 month high of $29.80. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66. The company’s fifty day moving average price is $27.25 and its 200 day moving average price is $25.80.

VEON (NASDAQ:VEON) last posted its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter.

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.