Planning Capital Management Corp Reduces Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Planning Capital Management Corp lessened its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 41.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 24,921 shares of the cell phone carrier’s stock after selling 17,950 shares during the quarter. Planning Capital Management Corp’s holdings in Vodafone Group Public were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Vodafone Group Public by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock valued at $35,000 after buying an additional 2,102 shares during the period. Asset Dedication LLC grew its position in shares of Vodafone Group Public by 630.9% in the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 4,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Vodafone Group Public in the first quarter valued at $46,000. Trust Co. of Vermont lifted its stake in shares of Vodafone Group Public by 1,493.2% during the third quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock worth $47,000 after purchasing an additional 4,405 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Vodafone Group Public during the second quarter worth about $49,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $8.75 on Thursday. The company’s fifty day moving average is $9.71 and its two-hundred day moving average is $9.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $10.39.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.