CoreCap Advisors LLC Sells 38,820 Shares of Vodafone Group PLC $VOD

CoreCap Advisors LLC lowered its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 87.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,631 shares of the cell phone carrier’s stock after selling 38,820 shares during the quarter. CoreCap Advisors LLC’s holdings in Vodafone Group were worth $74,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in Vodafone Group by 38.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after purchasing an additional 946 shares during the last quarter. Sound Income Strategies LLC increased its stake in Vodafone Group by 3,455.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after buying an additional 3,352 shares during the last quarter. Global Retirement Partners LLC lifted its position in Vodafone Group by 36.2% during the 3rd quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock worth $74,000 after buying an additional 1,698 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Vodafone Group by 98.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock worth $78,000 after buying an additional 3,651 shares during the last quarter. Finally, Rexford Capital Inc. bought a new position in shares of Vodafone Group in the 2nd quarter valued at about $89,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VOD. Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Price Performance

NASDAQ:VOD opened at $15.21 on Friday. The firm’s fifty day moving average price is $14.98 and its two-hundred day moving average price is $13.23. Vodafone Group PLC has a one year low of $8.05 and a one year high of $15.91. 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 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.