Samson Rock Capital LLP Acquires New Shares in VEON Ltd. $VEON

Samson Rock Capital LLP acquired a new position in VEON Ltd. (NASDAQ:VEON) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,000 shares of the Wireless communications provider’s stock, valued at approximately $138,000. VEON makes up approximately 0.6% of Samson Rock Capital LLP’s holdings, making the stock its 5th biggest position.

A number of other hedge funds have also bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in shares of VEON during the 1st quarter valued at about $400,000. Jump Financial LLC bought a new position in VEON during the first quarter valued at approximately $493,000. Jane Street Group LLC boosted its holdings in VEON by 177.9% in the first quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider’s stock worth $714,000 after purchasing an additional 10,483 shares during the last quarter. Jones Financial Companies Lllp grew its position in VEON by 84,690.0% in the 1st quarter. Jones Financial Companies Lllp now owns 16,958 shares of the Wireless communications provider’s stock worth $740,000 after purchasing an additional 16,938 shares during the period. Finally, Allianz SE bought a new stake in VEON in the 1st quarter worth approximately $888,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Ratings Changes

VEON has been the topic of a number of research reports. Wall Street Zen downgraded VEON from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of VEON in a report on Thursday. Finally, Zacks Research cut VEON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, VEON currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

VEON Stock Performance

Shares of VEON opened at $48.15 on Friday. The business has a 50-day simple moving average of $50.99 and a two-hundred day simple moving average of $50.89. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 3.53 and a beta of 1.58. VEON Ltd. has a 52 week low of $30.20 and a 52 week high of $64.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.57.

VEON (NASDAQ:VEON) last posted its quarterly earnings results on Monday, November 10th. The Wireless communications provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). VEON had a return on equity of 72.76% and a net margin of 23.75%.The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. VEON has set its FY 2025 guidance at EPS.

VEON Profile

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.