Acadian Asset Management LLC Sells 34,026 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Acadian Asset Management LLC decreased its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 26.3% in the second quarter, Holdings Channel reports. The firm owned 95,587 shares of the cell phone carrier’s stock after selling 34,026 shares during the quarter. Acadian Asset Management LLC’s holdings in Vodafone Group Public were worth $847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VOD. International Assets Investment Management LLC bought a new position in shares of Vodafone Group Public in the 4th quarter worth approximately $589,000. Private Advisor Group LLC grew its stake in shares of Vodafone Group Public by 22.3% during the 4th quarter. Private Advisor Group LLC now owns 39,324 shares of the cell phone carrier’s stock valued at $342,000 after acquiring an additional 7,182 shares during the period. Jump Financial LLC increased its holdings in Vodafone Group Public by 343.8% in the 4th quarter. Jump Financial LLC now owns 47,764 shares of the cell phone carrier’s stock worth $416,000 after acquiring an additional 37,002 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Vodafone Group Public by 19.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,775 shares of the cell phone carrier’s stock worth $122,000 after acquiring an additional 2,215 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new position in Vodafone Group Public during the fourth quarter valued at approximately $88,000. 7.84% of the stock is owned by institutional investors.

Vodafone Group Public Stock Up 1.8 %

Shares of NASDAQ VOD opened at $10.35 on Tuesday. The firm’s fifty day moving average is $9.51 and its two-hundred day moving average is $9.11. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.37. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VOD. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating on the stock. UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, New Street Research raised Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.45.

About Vodafone Group Public

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.