Two Sigma Advisers LP Buys Shares of 17,200 Veoneer Inc (VNE)

Two Sigma Advisers LP bought a new stake in shares of Veoneer Inc (NYSE:VNE) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 17,200 shares of the company’s stock, valued at approximately $405,000.

A number of other large investors have also bought and sold shares of the business. Murphy Pohlad Asset Management LLC grew its holdings in shares of Veoneer by 3.3% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 23,525 shares of the company’s stock worth $554,000 after buying an additional 760 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Veoneer during the fourth quarter worth about $37,000. Citigroup Inc. grew its holdings in shares of Veoneer by 113.7% during the fourth quarter. Citigroup Inc. now owns 4,011 shares of the company’s stock worth $94,000 after buying an additional 2,134 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Veoneer during the third quarter worth about $138,000. Finally, KBC Group NV grew its holdings in shares of Veoneer by 20.2% during the fourth quarter. KBC Group NV now owns 15,170 shares of the company’s stock worth $358,000 after buying an additional 2,546 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

VNE opened at $29.25 on Monday. The company has a current ratio of 2.43, a quick ratio of 2.16 and a debt-to-equity ratio of 0.01. Veoneer Inc has a 1 year low of $22.63 and a 1 year high of $57.93.

A number of equities research analysts have recently commented on the stock. Longbow Research upgraded shares of Veoneer from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, January 14th. Zacks Investment Research downgraded shares of Veoneer from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Nordea Equity Research downgraded shares of Veoneer from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Barclays set a $35.00 price target on shares of Veoneer and gave the stock a “buy” rating in a report on Friday, January 4th. Finally, Robert W. Baird downgraded shares of Veoneer from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Veoneer has an average rating of “Hold” and a consensus target price of $42.53.

COPYRIGHT VIOLATION WARNING: “Two Sigma Advisers LP Buys Shares of 17,200 Veoneer Inc (VNE)” was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/22/two-sigma-advisers-lp-buys-shares-of-17200-veoneer-inc-vne.html.

Veoneer Profile

Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.

Further Reading: New Google Finance Tool and Screening Stocks

Institutional Ownership by Quarter for Veoneer (NYSE:VNE)

Receive News & Ratings for Veoneer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veoneer and related companies with MarketBeat.com's FREE daily email newsletter.