Helikon Investments Ltd Has $84.84 Million Stake in VEON Ltd. (NASDAQ:VEON)

Helikon Investments Ltd grew its stake in VEON Ltd. (NASDAQ:VEON) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,788,955 shares of the Wireless communications provider’s stock after buying an additional 49,680 shares during the quarter. VEON makes up 7.6% of Helikon Investments Ltd’s portfolio, making the stock its 4th biggest holding. Helikon Investments Ltd owned 3.77% of VEON worth $84,840,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL bought a new position in VEON in the 1st quarter worth $376,000. Monaco Asset Management SAM boosted its stake in shares of VEON by 8.5% in the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock worth $620,000 after acquiring an additional 2,030 shares during the period. Samson Rock Capital LLP purchased a new stake in shares of VEON during the third quarter worth about $913,000. Gabelli Funds LLC raised its stake in VEON by 18.8% during the 1st quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock valued at $3,109,000 after purchasing an additional 20,456 shares during the period. Finally, Lingotto Investment Management LLP lifted its holdings in VEON by 1.0% in the 2nd quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock worth $139,754,000 after purchasing an additional 53,807 shares in the last quarter. Institutional investors 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 report on Monday, August 5th.

VEON Price Performance

Shares of VEON stock traded up $0.92 during trading on Thursday, reaching $31.89. 10,441 shares of the stock traded hands, compared to its average volume of 30,502. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 4.24 and a beta of 1.57. VEON Ltd. has a 52-week low of $15.10 and a 52-week high of $32.69. The business has a fifty day simple moving average of $29.31 and a two-hundred day simple moving average of $27.14.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share for the quarter. The business had revenue of $1.03 billion during the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.

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.