Zurcher Kantonalbank Zurich Cantonalbank Buys 1,310 Shares of Veoneer Inc (NYSE:VNE)
Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Veoneer Inc (NYSE:VNE) by 27.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,008 shares of the company’s stock after acquiring an additional 1,310 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Veoneer were worth $104,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. increased its stake in Veoneer by 56.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,477 shares of the company’s stock worth $57,000 after acquiring an additional 893 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Veoneer by 8.3% during the first quarter. Whittier Trust Co. now owns 15,561 shares of the company’s stock valued at $356,000 after buying an additional 1,197 shares during the period. 13D Management LLC boosted its position in shares of Veoneer by 4.2% during the first quarter. 13D Management LLC now owns 79,636 shares of the company’s stock valued at $1,923,000 after buying an additional 3,238 shares during the period. First Trust Advisors LP boosted its position in shares of Veoneer by 14.0% during the first quarter. First Trust Advisors LP now owns 45,426 shares of the company’s stock valued at $1,039,000 after buying an additional 5,577 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of Veoneer by 35.7% during the first quarter. Murphy Pohlad Asset Management LLC now owns 31,930 shares of the company’s stock valued at $730,000 after buying an additional 8,405 shares during the period. 26.63% of the stock is currently owned by institutional investors.
Shares of NYSE VNE traded down $0.22 during trading hours on Thursday, reaching $14.97. The stock had a trading volume of 7,411 shares, compared to its average volume of 630,485. The company has a current ratio of 3.07, a quick ratio of 2.80 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.76 billion and a price-to-earnings ratio of -4.72. The business’s fifty day moving average price is $16.66 and its two-hundred day moving average price is $21.59. Veoneer Inc has a 52-week low of $14.75 and a 52-week high of $57.93.
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.
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