Acadian Asset Management LLC Has $13.08 Million Stake in Vodafone Group PLC $VOD

Key Points

• Acadian Asset Management LLC increased its stake in Vodafone Group PLC by 512.8% in Q1, owning approximately 1.4 million shares valued at $13.08 million.
• Multiple institutional investors, including Focus Partners Wealth and RNC Capital Management, have raised their holdings in Vodafone Group during the same period, indicating strong institutional interest.
• Wall Street analysts have mixed ratings on Vodafone Group, with one "Buy," four "Hold," and two "Sell" ratings, and a consensus price target of $136.00.

Acadian Asset Management LLC lifted its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 512.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,396,305 shares of the cell phone carrier's stock after purchasing an additional 1,168,435 shares during the period. Acadian Asset Management LLC owned approximately 0.06% of Vodafone Group worth $13,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Focus Partners Wealth lifted its holdings in Vodafone Group by 19.7% in the first 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 during the period. Empowered Funds LLC lifted its holdings in Vodafone Group by 1.9% in the first quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier's stock valued at $2,779,000 after buying an additional 5,592 shares during the period. RNC Capital Management LLC lifted its holdings in Vodafone Group by 8.8% in the first quarter. RNC Capital Management LLC now owns 44,855 shares of the cell phone carrier's stock valued at $420,000 after buying an additional 3,621 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Vodafone Group in the first quarter valued at approximately $303,000. Finally, Scientech Research LLC bought a new stake in Vodafone Group in the first quarter valued at approximately $832,000. 7.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VOD has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. The Goldman Sachs Group downgraded shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective for the company. in a research report on Thursday, July 31st. Finally, Zacks Research raised shares of Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $136.00.

Vodafone Group Stock Up 1.8%

Vodafone Group stock opened at $11.86 on Friday. The company has a market cap of $28.82 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.65. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $12.06. The company has a fifty day simple moving average of $11.41 and a 200 day simple moving average of $10.22. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Vodafone Group 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.

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