74,670 Shares in VEON Ltd. (NASDAQ:VEON) Bought by Cyrus Capital Partners L.P.

Cyrus Capital Partners L.P. acquired a new stake in VEON Ltd. (NASDAQ:VEON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 74,670 shares of the Wireless communications provider's stock, valued at approximately $2,994,000. VEON makes up about 0.9% of Cyrus Capital Partners L.P.'s holdings, making the stock its 4th biggest position. Cyrus Capital Partners L.P. owned 0.10% of VEON as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lingotto Investment Management LLP increased its position in shares of VEON by 2.9% during the fourth quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock worth $230,192,000 after acquiring an additional 159,714 shares during the period. Helikon Investments Ltd increased its holdings in VEON by 5.0% during the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after purchasing an additional 138,149 shares during the period. Russell Investments Group Ltd. raised its position in VEON by 2.2% in the 4th quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider's stock valued at $4,724,000 after purchasing an additional 2,512 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of VEON by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 43,322 shares of the Wireless communications provider's stock valued at $1,737,000 after buying an additional 1,254 shares during the period. Finally, Samson Rock Capital LLP boosted its stake in shares of VEON by 20.0% in the 4th quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock valued at $1,444,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 21.30% of the company's stock.

VEON Stock Up 0.7 %

Shares of VEON stock traded up $0.30 on Thursday, reaching $45.66. 130,823 shares of the stock were exchanged, compared to its average volume of 66,716. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 7.97 and a beta of 1.39. The business's 50 day moving average price is $43.18 and its 200 day moving average price is $39.78. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34. VEON Ltd. has a twelve month low of $24.20 and a twelve month high of $48.70.

VEON (NASDAQ:VEON - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The Wireless communications provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The business had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.01 billion. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.

Analyst Ratings Changes

Separately, Benchmark raised their target price on shares of VEON from $56.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, March 25th.

VEON Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.