Gamco Investors INC. ET AL Reduces Position in Vodafone Group Plc (NASDAQ:VOD)

Gamco Investors INC. ET AL lessened its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 62.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,554 shares of the cell phone carrier’s stock after selling 32,800 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Vodafone Group were worth $389,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new position in shares of Vodafone Group during the second quarter valued at $25,000. Motco boosted its position in Vodafone Group by 76.9% in the second quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock worth $27,000 after purchasing an additional 731 shares during the last quarter. Asset Dedication LLC boosted its position in Vodafone Group by 72.3% in the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 807 shares during the last quarter. Lenox Wealth Advisors LLC bought a new position in shares of Vodafone Group in the third quarter worth about $33,000. Finally, Rational Advisors LLC raised its stake in shares of Vodafone Group by 4,686.7% in the second quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 2,109 shares during the period. 7.97% of the stock is owned by hedge funds and other institutional investors.

VOD traded up $0.67 during trading hours on Tuesday, reaching $21.21. 334,168 shares of the company’s stock traded hands, compared to its average volume of 2,611,590. The firm has a 50-day moving average price of $20.22 and a 200 day moving average price of $18.12. Vodafone Group Plc has a 52-week low of $15.53 and a 52-week high of $21.73. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $55.36 billion, a PE ratio of 35.35, a PEG ratio of 1.26 and a beta of 0.80.

VOD has been the topic of several recent research reports. BidaskClub downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Credit Suisse Group reissued a “buy” rating and set a $190.00 target price on shares of Vodafone Group in a research note on Thursday, October 17th. Macquarie lifted their target price on Vodafone Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley reissued an “overweight” rating on shares of Vodafone Group in a research note on Sunday. Finally, Argus lifted their target price on Vodafone Group to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Vodafone Group currently has a consensus rating of “Buy” and a consensus target price of $95.78.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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