OLD Mission Capital LLC Increases Stock Position in Vodafone Group PLC $VOD

Key Points

• OLD Mission Capital LLC increased its stake in Vodafone Group PLC by 24.3%, holding 259,086 shares valued at $2.43 million as of its latest filing.
• Several hedge funds, including ACR Alpine Capital and Oppenheimer Asset Management, have also boosted their investments in Vodafone, indicating a growing institutional interest in the stock.
• Vodafone's stock has fluctuated between a 12-month low of $8.00 and a high of $12.06, with a current market cap of $29.07 billion.

OLD Mission Capital LLC lifted its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,086 shares of the cell phone carrier's stock after acquiring an additional 50,603 shares during the period. OLD Mission Capital LLC's holdings in Vodafone Group were worth $2,428,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VOD. Hazlett Burt & Watson Inc. lifted its holdings in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 1,250 shares during the period. Wayfinding Financial LLC acquired a new position in Vodafone Group in the 1st quarter valued at $31,000. NBC Securities Inc. raised its stake in Vodafone Group by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after purchasing an additional 3,505 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Vodafone Group by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after purchasing an additional 5,709 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Vodafone Group in the first quarter valued at approximately $60,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a report on Thursday, July 31st. Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Morgan Stanley initiated coverage on Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Finally, Zacks Research upgraded Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $136.00.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD traded down $0.24 during trading on Tuesday, reaching $11.72. The company had a trading volume of 7,941,438 shares, compared to its average volume of 11,462,996. The stock's fifty day moving average price is $11.23 and its 200 day moving average price is $10.06. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The firm has a market capitalization of $28.48 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.65.

About Vodafone Group

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.