GSA Capital Partners LLP Cuts Position in VimpelCom Ltd. (VIP)
GSA Capital Partners LLP cut its position in shares of VimpelCom Ltd. (NASDAQ:VIP) by 79.5% during the second quarter, Holdings Channel reports. The fund owned 35,190 shares of the company’s stock after selling 136,300 shares during the period. GSA Capital Partners LLP’s holdings in VimpelCom were worth $137,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gabelli Funds LLC boosted its position in shares of VimpelCom by 3.4% in the second quarter. Gabelli Funds LLC now owns 1,545,000 shares of the company’s stock worth $5,995,000 after buying an additional 51,000 shares during the last quarter. SG Americas Securities LLC increased its stake in VimpelCom by 36.5% in the second quarter. SG Americas Securities LLC now owns 73,016 shares of the company’s stock worth $283,000 after buying an additional 19,511 shares during the last quarter. Societe Generale bought a new stake in VimpelCom during the second quarter worth $283,000. World Asset Management Inc increased its stake in VimpelCom by 8.1% in the second quarter. World Asset Management Inc now owns 108,733 shares of the company’s stock worth $422,000 after buying an additional 8,192 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in VimpelCom by 22.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 208,670 shares of the company’s stock worth $810,000 after buying an additional 37,664 shares during the last quarter. Institutional investors own 4.46% of the company’s stock.
VimpelCom Ltd. (NASDAQ:VIP) traded down 0.144% on Wednesday, reaching $3.475. 597,905 shares of the company were exchanged. The firm has a 50-day moving average of $3.89 and a 200 day moving average of $3.89. VimpelCom Ltd. has a 12-month low of $2.71 and a 12-month high of $4.51. The firm’s market capitalization is $6.08 billion.
A number of brokerages have weighed in on VIP. Zacks Investment Research upgraded VimpelCom from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. Morgan Stanley began coverage on VimpelCom in a report on Thursday, September 8th. They set an “overweight” rating and a $5.70 price target for the company. Bank of America Corp. set a $5.60 price target on VimpelCom and gave the stock a “buy” rating in a report on Monday, September 12th. VTB Capital upgraded VimpelCom from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Finally, Renaissance Capital upgraded VimpelCom from a “hold” rating to a “buy” rating and decreased their price target for the stock from $5.10 to $4.30 in a report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $5.54.
VimpelCom Ltd. is an international communications and technology company. The Company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies and operates in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, Tajikistan, Georgia, Laos, Zimbabwe and Italy.
Want to see what other hedge funds are holding VIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VimpelCom Ltd. (NASDAQ:VIP).
Receive News & Ratings for VimpelCom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VimpelCom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.