Forum Financial Management LP Invests $178,000 in Vodafone Group Public Limited (NASDAQ:VOD)

Forum Financial Management LP bought a new position in Vodafone Group Public Limited (NASDAQ:VOD) in the 2nd quarter, HoldingsChannel reports. The fund bought 20,051 shares of the cell phone carrier’s stock, valued at approximately $178,000.

Several other hedge funds and other institutional investors have also modified their holdings of VOD. ACR Alpine Capital Research LLC boosted its position in shares of Vodafone Group Public by 40.4% in the first quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock worth $192,320,000 after buying an additional 6,216,805 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Vodafone Group Public by 20.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock worth $40,484,000 after acquiring an additional 761,624 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Vodafone Group Public by 163.7% during the first quarter. Cetera Investment Advisers now owns 692,886 shares of the cell phone carrier’s stock worth $6,167,000 after acquiring an additional 430,092 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Vodafone Group Public by 33.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,219,658 shares of the cell phone carrier’s stock worth $10,855,000 after acquiring an additional 308,861 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Vodafone Group Public by 465.9% during the first quarter. Cetera Advisors LLC now owns 290,740 shares of the cell phone carrier’s stock worth $2,588,000 after acquiring an additional 239,367 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

VOD has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Vodafone Group Public in a report on Thursday, June 20th. They set a “buy” rating for the company. New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Vodafone Group Public presently has a consensus rating of “Moderate Buy” and an average price target of $14.45.

Vodafone Group Public Price Performance

NASDAQ VOD opened at $9.77 on Friday. The stock’s 50-day moving average is $9.26 and its two-hundred day moving average is $8.99. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31.

Vodafone Group Public Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.