Connor Clark & Lunn Investment Management Ltd. Has $5.92 Million Holdings in Vodafone Group PLC $VOD

Connor Clark & Lunn Investment Management Ltd. raised its stake in Vodafone Group PLC (NASDAQ:VOD) by 365.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 555,400 shares of the cell phone carrier’s stock after buying an additional 436,176 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vodafone Group were worth $5,921,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ACR Alpine Capital Research LLC boosted its stake in Vodafone Group by 0.7% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 25,866,761 shares of the cell phone carrier’s stock worth $275,740,000 after acquiring an additional 169,833 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Vodafone Group by 5.4% during the first quarter. Royal Bank of Canada now owns 3,117,008 shares of the cell phone carrier’s stock worth $29,207,000 after purchasing an additional 159,985 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Vodafone Group by 22.9% in the 1st quarter. Northern Trust Corp now owns 2,194,203 shares of the cell phone carrier’s stock valued at $20,560,000 after buying an additional 409,376 shares during the period. American Century Companies Inc. increased its position in shares of Vodafone Group by 26.4% in the 1st quarter. American Century Companies Inc. now owns 1,661,165 shares of the cell phone carrier’s stock valued at $15,565,000 after buying an additional 346,458 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Vodafone Group by 63,786.2% during the 1st quarter. Deutsche Bank AG now owns 1,597,156 shares of the cell phone carrier’s stock worth $14,965,000 after buying an additional 1,594,656 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BNP Paribas Exane initiated coverage on Vodafone Group in a research note on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price for the company. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. The Goldman Sachs Group downgraded shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Stock Performance

Shares of Vodafone Group stock opened at $12.37 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $12.72. The business’s 50 day moving average is $11.60 and its 200-day moving average is $10.99.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.