Samson Rock Capital LLP Has $1.44 Million Holdings in VEON Ltd. (NASDAQ:VEON)

Samson Rock Capital LLP lifted its position in shares of VEON Ltd. (NASDAQ:VEON) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,000 shares of the Wireless communications provider’s stock after purchasing an additional 6,000 shares during the quarter. VEON comprises 1.1% of Samson Rock Capital LLP’s investment portfolio, making the stock its 5th biggest holding. Samson Rock Capital LLP’s holdings in VEON were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of VEON by 100.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider’s stock valued at $58,000 after buying an additional 720 shares in the last quarter. R Squared Ltd bought a new stake in VEON during the fourth quarter worth about $101,000. Helikon Investments Ltd boosted its stake in VEON by 5.0% during the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock worth $117,377,000 after acquiring an additional 138,149 shares in the last quarter. GAMMA Investing LLC purchased a new stake in VEON in the fourth quarter worth about $119,000. Finally, JPMorgan Chase & Co. increased its stake in shares of VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 776 shares in the last quarter. 21.30% of the stock is owned by hedge funds and other institutional investors.

VEON Price Performance

Shares of NASDAQ:VEON opened at $42.17 on Friday. The business has a fifty day moving average price of $40.83 and a 200-day moving average price of $33.46. VEON Ltd. has a 1-year low of $21.57 and a 1-year high of $48.39. 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 earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Analysts Set New Price Targets

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

About VEON

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.