Millennium Management LLC Buys 500,262 Shares of VEON Ltd (VEON)

Millennium Management LLC lifted its stake in VEON Ltd (NASDAQ:VEON) by 62.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,298,404 shares of the Wireless communications provider’s stock after buying an additional 500,262 shares during the quarter. Millennium Management LLC owned approximately 0.07% of VEON worth $3,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Paloma Partners Management Co purchased a new stake in shares of VEON in the fourth quarter worth about $30,000. Marshall Wace North America L.P. purchased a new position in VEON during the third quarter worth approximately $31,000. Diversified Trust Co purchased a new position in VEON during the fourth quarter worth approximately $35,000. Squarepoint Ops LLC purchased a new position in VEON during the fourth quarter worth approximately $42,000. Finally, Arete Wealth Advisors LLC purchased a new position in VEON during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 15.32% of the company’s stock.

VEON has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded VEON from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. VTB Capital downgraded VEON from a “buy” rating to a “hold” rating and set a $2.80 price target on the stock. in a research report on Wednesday, January 16th. ValuEngine downgraded VEON from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, BidaskClub upgraded VEON from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $3.27.

Shares of VEON stock opened at $2.36 on Friday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of -10.26 and a beta of 1.79. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.36. VEON Ltd has a 12-month low of $2.07 and a 12-month high of $3.14.

ILLEGAL ACTIVITY WARNING: “Millennium Management LLC Buys 500,262 Shares of VEON Ltd (VEON)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2019/04/21/millennium-management-llc-buys-500262-shares-of-veon-ltd-veon.html.

About VEON

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.

Read More: Liquidity

Want to see what other hedge funds are holding VEON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VEON Ltd (NASDAQ:VEON).

Institutional Ownership by Quarter for VEON (NASDAQ:VEON)

Receive News & Ratings for VEON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEON and related companies with MarketBeat.com's FREE daily email newsletter.