Caprock Group LLC Buys New Stake in Vodafone Group PLC $VOD

Caprock Group LLC purchased a new position in shares of Vodafone Group PLC (NASDAQ:VOD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 117,737 shares of the cell phone carrier’s stock, valued at approximately $1,408,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOD. AQR Capital Management LLC raised its position in Vodafone Group by 21.4% during the first quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock valued at $622,000 after acquiring an additional 11,703 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Vodafone Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after purchasing an additional 5,592 shares during the last quarter. Focus Partners Wealth grew its holdings in Vodafone Group by 19.7% in the 1st quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock valued at $195,000 after buying an additional 3,435 shares in the last quarter. Yousif Capital Management LLC increased its position in Vodafone Group by 6.9% during the second quarter. Yousif Capital Management LLC now owns 29,519 shares of the cell phone carrier’s stock worth $315,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Vodafone Group by 197.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 39,838 shares of the cell phone carrier’s stock valued at $425,000 after purchasing an additional 26,466 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $15.57 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. Vodafone Group PLC has a one year low of $8.05 and a one year high of $15.90. The business’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $12.43.

Analysts Set New Price Targets

Several brokerages recently weighed in on VOD. Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. BNP Paribas Exane raised shares of Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $72.00.

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.