GAMMA Investing LLC Increases Position in Vodafone Group PLC $VOD

GAMMA Investing LLC increased its stake in Vodafone Group PLC (NASDAQ:VOD) by 49.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,632 shares of the cell phone carrier’s stock after purchasing an additional 2,201 shares during the quarter. GAMMA Investing LLC’s holdings in Vodafone Group were worth $71,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VOD. Atwood & Palmer Inc. purchased a new position in shares of Vodafone Group in the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. grew its stake in Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock valued at $30,000 after acquiring an additional 1,250 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Vodafone Group in the 1st quarter valued at about $31,000. NBC Securities Inc. grew its stake in Vodafone Group by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock valued at $32,000 after acquiring an additional 3,505 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Vodafone Group in the 1st quarter valued at about $60,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Trading Down 0.5%

NASDAQ VOD opened at $11.36 on Friday. Vodafone Group PLC has a one year low of $8.00 and a one year high of $12.06. The company’s 50 day moving average price is $11.56 and its 200 day moving average price is $10.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.55 and a beta of 0.62.

Analyst Ratings Changes

VOD has been the topic of a number of research reports. Berenberg Bank raised shares of Vodafone Group to a “hold” rating in a research note on Thursday, June 26th. Zacks Research raised shares of Vodafone Group to a “hold” rating in a research note on Tuesday, August 12th. Morgan Stanley initiated coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an “equal weight” rating on the stock. The Goldman Sachs Group cut shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target on the stock. in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $136.00.

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.