Vodafone Group PLC $VOD Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Vodafone Group PLC (NASDAQ:VOD) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 901,365 shares of the cell phone carrier’s stock after selling 136,525 shares during the period. Gamco Investors INC. ET AL’s holdings in Vodafone Group were worth $10,456,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. WESPAC Advisors LLC increased its position in Vodafone Group by 0.9% during the 3rd quarter. WESPAC Advisors LLC now owns 96,003 shares of the cell phone carrier’s stock worth $1,114,000 after purchasing an additional 903 shares in the last quarter. US Bancorp DE lifted its position in Vodafone Group by 3.8% during the third quarter. US Bancorp DE now owns 32,829 shares of the cell phone carrier’s stock valued at $381,000 after buying an additional 1,189 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Vodafone Group by 7.6% during the third quarter. Valeo Financial Advisors LLC now owns 16,890 shares of the cell phone carrier’s stock worth $196,000 after buying an additional 1,194 shares during the period. First Trust Advisors LP increased its position in shares of Vodafone Group by 3.9% in the second quarter. First Trust Advisors LP now owns 32,248 shares of the cell phone carrier’s stock worth $344,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Vodafone Group by 3.9% in the 2nd quarter. Brown Advisory Inc. now owns 32,523 shares of the cell phone carrier’s stock valued at $347,000 after acquiring an additional 1,223 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Trading Down 0.8%

Shares of NASDAQ:VOD opened at $14.51 on Friday. Vodafone Group PLC has a fifty-two week low of $8.05 and a fifty-two week high of $15.91. The firm has a 50-day simple moving average of $14.53 and a 200 day simple moving average of $12.85. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

VOD has been the topic of several recent research reports. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $72.00.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.