Two Sigma Investments LP Sells 7,713 Shares of VEON Ltd. (NASDAQ:VEON)

Two Sigma Investments LP trimmed its position in shares of VEON Ltd. (NASDAQ:VEON - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,486 shares of the Wireless communications provider's stock after selling 7,713 shares during the period. Two Sigma Investments LP's holdings in VEON were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of VEON by 300.0% during the fourth quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider's stock worth $29,000 after acquiring an additional 540 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of VEON by 100.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock worth $58,000 after acquiring an additional 720 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of VEON by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 43,322 shares of the Wireless communications provider's stock worth $1,737,000 after acquiring an additional 1,254 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in VEON during the fourth quarter valued at about $58,000. Finally, Russell Investments Group Ltd. raised its holdings in VEON by 2.2% during the fourth quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider's stock valued at $4,724,000 after buying an additional 2,512 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

VEON Stock Down 4.8%

NASDAQ VEON traded down $2.46 during trading on Friday, hitting $49.23. 118,427 shares of the company traded hands, compared to its average volume of 88,119. VEON Ltd. has a 12 month low of $25.31 and a 12 month high of $58.30. The business has a fifty day simple moving average of $46.84 and a 200 day simple moving average of $43.39. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $3.64 billion, a P/E ratio of 7.76 and a beta of 1.51.

VEON (NASDAQ:VEON - Get Free Report) last posted its earnings results on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.53. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.00 million.

Analyst Ratings Changes

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

About VEON

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.