R Squared Ltd Invests $101,000 in VEON Ltd. (NASDAQ:VEON)

R Squared Ltd acquired a new stake in shares of VEON Ltd. (NASDAQ:VEON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,520 shares of the Wireless communications provider’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Samson Rock Capital LLP purchased a new stake in VEON during the 3rd quarter valued at $913,000. Helikon Investments Ltd increased its position in VEON by 1.8% during the third quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock valued at $84,840,000 after acquiring an additional 49,680 shares during the last quarter. Citigroup Inc. lifted its holdings in VEON by 13.4% in the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock valued at $7,567,000 after acquiring an additional 29,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in VEON in the third quarter worth about $2,069,000. Finally, JPMorgan Chase & Co. boosted its position in VEON by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark started coverage on shares of VEON in a research note on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price objective on the stock.

VEON Price Performance

NASDAQ:VEON opened at $43.35 on Friday. VEON Ltd. has a one year low of $19.00 and a one year high of $48.39. The business has a fifty day moving average price of $39.46 and a 200-day moving average price of $32.79. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.

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.