4,951,467 Shares in VEON Ltd. (NASDAQ:VEON) Purchased by Shah Capital Management

Shah Capital Management acquired a new position in VEON Ltd. (NASDAQ:VEON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,951,467 shares of the Wireless communications provider’s stock, valued at approximately $97,544,000. VEON comprises about 25.0% of Shah Capital Management’s portfolio, making the stock its biggest position. Shah Capital Management owned about 0.07% of VEON as of its most recent SEC filing.

Separately, Barclays PLC increased its holdings in VEON by 37.0% in the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Stock Up 0.5 %

VEON traded up $0.12 during trading hours on Monday, hitting $23.55. The stock had a trading volume of 5,266 shares, compared to its average volume of 39,080. VEON Ltd. has a 1 year low of $14.50 and a 1 year high of $26.68. The company’s fifty day simple moving average is $24.18 and its 200 day simple moving average is $20.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.55.

Analyst Ratings Changes

Separately, StockNews.com lowered VEON from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th.

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.