BlueCrest Capital Management Ltd Invests $1.20 Million in VimpelCom Ltd. (VEON)

BlueCrest Capital Management Ltd acquired a new position in shares of VimpelCom Ltd. (NASDAQ:VEON) during the first quarter, according to its most recent filing with the SEC. The firm acquired 294,383 shares of the Wireless communications provider’s stock, valued at approximately $1,201,000.

A number of other large investors have also modified their holdings of the stock. Stevens Capital Management LP acquired a new stake in shares of VimpelCom during the first quarter worth approximately $117,000. Invictus RG acquired a new stake in shares of VimpelCom during the first quarter worth approximately $131,000. Oxford Asset Management acquired a new stake in shares of VimpelCom during the first quarter worth approximately $152,000. Carl Domino Inc acquired a new stake in shares of VimpelCom during the first quarter worth approximately $237,000. Finally, KCG Holdings Inc. acquired a new stake in shares of VimpelCom during the first quarter worth approximately $248,000. 10.17% of the stock is currently owned by hedge funds and other institutional investors.

VimpelCom Ltd. (NASDAQ:VEON) opened at 3.94 on Wednesday. The stock’s market capitalization is $6.92 billion. VimpelCom Ltd. has a one year low of $3.12 and a one year high of $4.51. The stock’s 50 day moving average is $3.86 and its 200 day moving average is $4.02.

VimpelCom (NASDAQ:VEON) last released its earnings results on Thursday, May 11th. The Wireless communications provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. VimpelCom had a negative return on equity of 7.27% and a net margin of 23.33%. The company had revenue of $2.28 billion for the quarter.

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A number of research analysts have issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $6.50 target price on shares of VimpelCom in a report on Thursday, May 18th. Zacks Investment Research upgraded shares of VimpelCom from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. ValuEngine lowered shares of VimpelCom from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Finally, Credit Suisse Group restated a “buy” rating and issued a $5.00 target price on shares of VimpelCom in a report on Thursday, March 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. VimpelCom presently has an average rating of “Buy” and a consensus target price of $5.21.

About VimpelCom

Institutional Ownership by Quarter for VimpelCom (NASDAQ:VEON)

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