Graham Capital Management L.P. Has $2.05 Million Holdings in Vodafone Group PLC $VOD

Key Points

• Graham Capital Management L.P. has significantly increased its stake in Vodafone Group PLC by 190.4%, acquiring an additional 143,073 shares, bringing its total holdings to 218,219 shares worth approximately $2.05 million.
• Several institutional investors, including Barclays PLC and Wellington Management Group LLP, have also increased their positions in Vodafone, reflecting growing interest from the investment community.
• Analysts have varied views on Vodafone, with Goldman Sachs downgrading the stock to a "sell" rating and setting a price target of $136.00, while the consensus rating remains at "Reduce."

Graham Capital Management L.P. grew its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 190.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 218,219 shares of the cell phone carrier's stock after purchasing an additional 143,073 shares during the quarter. Graham Capital Management L.P.'s holdings in Vodafone Group were worth $2,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VOD. OLD Mission Capital LLC raised its position in shares of Vodafone Group by 24.3% in the 1st quarter. OLD Mission Capital LLC now owns 259,086 shares of the cell phone carrier's stock valued at $2,428,000 after acquiring an additional 50,603 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Vodafone Group by 2.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,048,723 shares of the cell phone carrier's stock valued at $9,827,000 after acquiring an additional 22,900 shares during the period. Gabelli Funds LLC raised its position in shares of Vodafone Group by 2.0% in the 1st quarter. Gabelli Funds LLC now owns 961,800 shares of the cell phone carrier's stock valued at $9,012,000 after acquiring an additional 18,500 shares during the period. FORA Capital LLC acquired a new stake in shares of Vodafone Group in the 1st quarter valued at approximately $178,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Vodafone Group by 39.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 33,839 shares of the cell phone carrier's stock worth $317,000 after buying an additional 9,537 shares during the period. Institutional investors own 7.84% of the company's stock.

Vodafone Group Stock Up 0.5%

Shares of NASDAQ:VOD traded up $0.06 during midday trading on Friday, hitting $11.81. The stock had a trading volume of 2,882,394 shares, compared to its average volume of 4,595,996. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $12.06. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business's 50-day simple moving average is $11.33 and its 200-day simple moving average is $10.13. The company has a market cap of $28.70 billion, a P/E ratio of 10.36, a PEG ratio of 0.56 and a beta of 0.65.

Wall Street Analysts Forecast Growth

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

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.