Aquatic Capital Management LLC Invests $7.49 Million in Vodafone Group PLC $VOD

Aquatic Capital Management LLC acquired a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 645,826 shares of the cell phone carrier’s stock, valued at approximately $7,492,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WESPAC Advisors LLC lifted its holdings in shares of Vodafone Group by 0.9% in the 3rd quarter. WESPAC Advisors LLC now owns 96,003 shares of the cell phone carrier’s stock worth $1,114,000 after acquiring an additional 903 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Vodafone Group by 5.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 20,412 shares of the cell phone carrier’s stock valued at $237,000 after purchasing an additional 985 shares during the last quarter. Parallel Advisors LLC raised its position in Vodafone Group by 14.0% in the 3rd quarter. Parallel Advisors LLC now owns 8,640 shares of the cell phone carrier’s stock worth $100,000 after purchasing an additional 1,059 shares during the period. US Bancorp DE lifted its stake in Vodafone Group by 3.8% in the third quarter. US Bancorp DE now owns 32,829 shares of the cell phone carrier’s stock worth $381,000 after purchasing an additional 1,189 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Vodafone Group by 7.6% in the third quarter. Valeo Financial Advisors LLC now owns 16,890 shares of the cell phone carrier’s stock worth $196,000 after purchasing an additional 1,194 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Trading Up 0.7%

VOD stock opened at $14.41 on Monday. The firm’s 50-day moving average price is $14.64 and its two-hundred day moving average price is $12.94. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. Vodafone Group PLC has a 12-month low of $8.05 and a 12-month high of $15.91.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.