Triasima Portfolio Management inc. Acquires Shares of 59,025 Vodafone Group PLC $VOD

Triasima Portfolio Management inc. bought a new position in shares of Vodafone Group PLC (NASDAQ:VOD) during the second quarter, Holdings Channel.com reports. The firm bought 59,025 shares of the cell phone carrier’s stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Capital Advisory LLC boosted its position in shares of Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 696 shares in the last quarter. RNC Capital Management LLC raised its holdings in Vodafone Group by 1.3% in the fourth quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock worth $711,000 after purchasing an additional 713 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Vodafone Group by 4.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock valued at $233,000 after buying an additional 713 shares during the period. Assetmark Inc. boosted its holdings in shares of Vodafone Group by 31.5% during the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after buying an additional 717 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Vodafone Group by 28.3% in the 4th quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock worth $47,000 after buying an additional 778 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group currently has a consensus rating of “Reduce” and an average price target of $10.57.

Vodafone Group Trading Up 1.2%

Shares of Vodafone Group stock opened at $16.09 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 1 year low of $11.12 and a 1 year high of $16.60. The firm’s 50-day moving average is $14.84 and its 200 day moving average is $15.04.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.