Hotchkis & Wiley Capital Management LLC Grows Stock Holdings in Vodafone Group PLC $VOD

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Vodafone Group PLC by 70.7%, owning 633,376 shares valued at approximately $5,935,000 as of the end of the first quarter.
• Multiple institutional investors have also increased their stakes in Vodafone, with Hazlett Burt & Watson Inc. raising their stake by 65.5%.
• Analysts have given Vodafone a mixed outlook, with Zacks Research upgrading it to a "hold" rating, while Goldman Sachs downgraded it from "neutral" to "sell" with a price target of $136.00.

Hotchkis & Wiley Capital Management LLC lifted its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 70.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 633,376 shares of the cell phone carrier's stock after buying an additional 262,364 shares during the period. Hotchkis & Wiley Capital Management LLC's holdings in Vodafone Group were worth $5,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in VOD. Barclays PLC increased its holdings in shares of Vodafone Group by 57,500.0% during the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock worth $254,000 after buying an additional 29,900 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Vodafone Group during the 4th quarter worth approximately $2,330,000. Dimensional Fund Advisors LP increased its holdings in shares of Vodafone Group by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,749,429 shares of the cell phone carrier's stock worth $14,853,000 after buying an additional 23,843 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Vodafone Group by 17.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock worth $92,000 after buying an additional 1,631 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Vodafone Group by 8.8% during the 4th quarter. Stifel Financial Corp now owns 846,901 shares of the cell phone carrier's stock worth $7,190,000 after buying an additional 68,833 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Analyst Ratings Changes

VOD has been the subject of several research reports. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a 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 target price for the company. in a report on Thursday, July 31st. 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 initiated coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $136.00.

Vodafone Group Stock Up 0.3%

Shares of NASDAQ:VOD traded up $0.04 during trading on Friday, hitting $11.96. The company's stock had a trading volume of 4,050,907 shares, compared to its average volume of 5,215,730. The business has a 50 day moving average price of $11.19 and a two-hundred day moving average price of $10.03. The company has a market capitalization of $29.07 billion, a PE ratio of 10.49, a P/E/G ratio of 0.57 and a beta of 0.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06.

Vodafone Group Company 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.