ACR Alpine Capital Research LLC Sells 3,502,881 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

ACR Alpine Capital Research LLC cut its holdings in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,392,151 shares of the cell phone carrier's stock after selling 3,502,881 shares during the quarter. Vodafone Group Public makes up 4.5% of ACR Alpine Capital Research LLC's portfolio, making the stock its 14th largest position. ACR Alpine Capital Research LLC owned 0.57% of Vodafone Group Public worth $133,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Vodafone Group Public by 22.3% during the 4th quarter. Private Advisor Group LLC now owns 39,324 shares of the cell phone carrier's stock valued at $342,000 after purchasing an additional 7,182 shares in the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of Vodafone Group Public by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 36,580 shares of the cell phone carrier's stock valued at $318,000 after purchasing an additional 1,572 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Vodafone Group Public during the 4th quarter valued at about $252,000. First Horizon Advisors Inc. raised its position in Vodafone Group Public by 581.7% in the 4th quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier's stock valued at $47,000 after buying an additional 4,566 shares during the last quarter. Finally, Triumph Capital Management raised its position in Vodafone Group Public by 180.6% in the 4th quarter. Triumph Capital Management now owns 63,198 shares of the cell phone carrier's stock valued at $550,000 after buying an additional 40,678 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Monday, February 12th.

Vodafone Group Public Stock Performance

VOD traded down $0.15 on Tuesday, reaching $8.49. The stock had a trading volume of 3,941,654 shares, compared to its average volume of 7,744,483. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $12.01. The firm has a 50-day moving average of $8.67 and a 200-day moving average of $8.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.89 and a quick ratio of 0.86.

Vodafone Group Public 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.