WINTON GROUP Ltd Buys New Position in Vodafone Group PLC $VOD

Key Points

• WINTON GROUP Ltd acquired 60,861 Vodafone shares during the second quarter, valued at approximately $805,000.
• Several other institutional investors increased or initiated positions in Vodafone, though institutional and hedge-fund ownership remains relatively low at 7.84%.
• Vodafone shares recently traded near a 12-month high at $17.53, while analysts maintained a consensus “Hold” rating and an average price target of $10.57.

WINTON GROUP Ltd purchased a new position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 60,861 shares of the cell phone carrier's stock, valued at approximately $805,000.

Other large investors also recently bought and sold shares of the company. Engineers Gate Manager LP lifted its holdings in Vodafone Group by 256.9% in the 2nd quarter. Engineers Gate Manager LP now owns 68,530 shares of the cell phone carrier's stock worth $906,000 after buying an additional 49,330 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Vodafone Group by 313.1% during the second quarter. Integrated Wealth Concepts LLC now owns 107,388 shares of the cell phone carrier's stock valued at $1,420,000 after acquiring an additional 81,393 shares in the last quarter. RFG Advisory LLC acquired a new stake in shares of Vodafone Group during the second quarter valued at about $451,000. NewEdge Advisors LLC increased its position in shares of Vodafone Group by 12.2% during the second quarter. NewEdge Advisors LLC now owns 22,786 shares of the cell phone carrier's stock worth $301,000 after acquiring an additional 2,469 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Vodafone Group by 580.5% in the second quarter. IFP Advisors Inc now owns 10,582 shares of the cell phone carrier's stock worth $140,000 after acquiring an additional 9,027 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Stock Up 0.7%

Shares of NASDAQ VOD opened at $17.53 on Tuesday. The business has a 50 day simple moving average of $15.86 and a 200-day simple moving average of $15.25. Vodafone Group PLC has a twelve month low of $11.12 and a twelve month high of $17.62. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of recent analyst reports. Bank of America lowered Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 price objective for the company. in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a research report on Tuesday, September 1st. Zacks Research downgraded shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Vodafone Group from a "sell" rating to a "buy" rating in a research note on Friday, September 4th. Finally, Barclays downgraded shares of Vodafone Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.57.

Vodafone Group Company Profile

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.

Want to see what other hedge funds are holding VOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vodafone Group PLC (NASDAQ:VOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.