Atria Wealth Solutions Inc. Sells 10,951 Shares of Vodafone Group PLC $VOD

Atria Wealth Solutions Inc. lessened its holdings in Vodafone Group PLC (NASDAQ:VOD) by 39.7% during the second quarter, HoldingsChannel.com reports. The firm owned 16,612 shares of the cell phone carrier’s stock after selling 10,951 shares during the period. Atria Wealth Solutions Inc.’s holdings in Vodafone Group were worth $181,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Vodafone Group during the first quarter worth $1,117,000. Modern Wealth Management LLC acquired a new position in Vodafone Group during the first quarter worth $285,000. Sequoia Financial Advisors LLC acquired a new position in Vodafone Group during the first quarter worth $125,000. Walleye Capital LLC increased its holdings in Vodafone Group by 516.1% during the first quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock worth $1,705,000 after buying an additional 152,462 shares during the last quarter. Finally, Summit Securities Group LLC increased its holdings in Vodafone Group by 4,239.6% during the first quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier’s stock worth $447,000 after buying an additional 46,636 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Trading Down 0.7%

VOD stock opened at $11.66 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The company’s 50-day simple moving average is $11.61 and its 200 day simple moving average is $10.69. Vodafone Group PLC has a 52 week low of $8.00 and a 52 week high of $12.06. The company has a market capitalization of $27.97 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.27 and a beta of 0.62.

Analyst Ratings Changes

VOD has been the topic of a number of recent analyst reports. Berenberg Bank upgraded shares of Vodafone Group to a “hold” rating in a report on Thursday, June 26th. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating on the stock. BNP Paribas Exane assumed coverage on shares of Vodafone Group in a report on Tuesday. They issued an “underperform” rating and a $8.00 price objective on the stock. Zacks Research upgraded shares of Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $72.00.

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.