Menta Capital LLC Has Decreased Vonage Hldgs Corp (VG) Holding by $3.83 Million; Stock Rose

April 16, 2018 - By marketbeat

Vonage Holdings Corp. (NYSE:VG) LogoInvestors sentiment increased to 1.4 in Q4 2017. Its up 0.07, from 1.33 in 2017Q3. It improved, as 16 investors sold VG shares while 68 reduced holdings. 42 funds opened positions while 76 raised stakes. 186.23 million shares or 2.83% more from 181.10 million shares in 2017Q3 were reported. First Quadrant Lp Ca reported 208,200 shares or 0.04% of all its holdings. Qs Invsts Limited Com holds 7,651 shares or 0% of its portfolio. Morgan Stanley, New York-based fund reported 515,931 shares. Schwab Charles Investment Management owns 1.32 million shares for 0.01% of their portfolio. Pier Limited Liability Company owns 1.19% invested in Vonage Holdings Corp. (NYSE:VG) for 683,739 shares. Macquarie Ltd reported 2,100 shares. 82,696 were accumulated by Pinebridge Invs L P. Moreover, Teachers Ins And Annuity Association Of America has 0.05% invested in Vonage Holdings Corp. (NYSE:VG) for 104,904 shares. Bessemer Group Inc Inc invested in 0% or 117,100 shares. The New York-based Rothschild Asset Mgmt has invested 0.23% in Vonage Holdings Corp. (NYSE:VG). Globeflex Lp accumulated 93,815 shares. Bancorporation Of Montreal Can holds 0% or 12,948 shares. Montana-based Da Davidson And has invested 0.02% in Vonage Holdings Corp. (NYSE:VG). Prelude Cap Mgmt Ltd has invested 0.01% in Vonage Holdings Corp. (NYSE:VG). Fin Architects Inc stated it has 0% in Vonage Holdings Corp. (NYSE:VG).

Since October 17, 2017, it had 0 buys, and 8 selling transactions for $22.12 million activity. GILVAR EDWARD M. had sold 11,322 shares worth $121,406 on Thursday, March 15. Citron Jeffrey A had sold 514,913 shares worth $5.34 million on Wednesday, January 10. WYATT KENNETH sold $411,996 worth of stock. MASAREK ALAN sold $5.04M worth of Vonage Holdings Corp. (NYSE:VG) on Monday, February 26. 9,826 Vonage Holdings Corp. (NYSE:VG) shares with value of $106,214 were sold by KAHN VALERIE.

Menta Capital Llc decreased its stake in Vonage Hldgs Corp (VG) by 94.62% based on its latest 2017Q4 regulatory filing with the SEC. Menta Capital Llc sold 382,662 shares as the company’s stock rose 3.53% while stock markets declined. The hedge fund held 21,740 shares of the telecommunications equipment company at the end of 2017Q4, valued at $221,000, down from 404,402 at the end of the previous reported quarter. Menta Capital Llc who had been investing in Vonage Hldgs Corp for a number of months, seems to be less bullish one the $2.51 billion market cap company. The stock increased 1.50% or $0.16 during the last trading session, reaching $10.84. About 216,593 shares traded. Vonage Holdings Corp. (NYSE:VG) has risen 69.94% since April 16, 2017 and is uptrending. It has outperformed by 58.39% the S&P500.

Analysts await Vonage Holdings Corp. (NYSE:VG) to report earnings on May, 8. They expect $0.07 EPS, up 16.67 % or $0.01 from last year’s $0.06 per share. VG’s profit will be $16.18 million for 38.71 P/E if the $0.07 EPS becomes a reality. After $0.08 actual EPS reported by Vonage Holdings Corp. for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

Vonage Holdings Corp. (NYSE:VG) Ratings Coverage

Among 6 analysts covering Vonage Holdings (NYSE:VG), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Vonage Holdings had 10 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by Needham on Monday, December 11 with “Buy”. The stock has “Outperform” rating by Oppenheimer on Thursday, November 9. Craig Hallum maintained it with “Buy” rating and $11.0 target in Tuesday, November 7 report. The rating was maintained by Robert W. Baird on Thursday, February 22 with “Outperform”. The stock has “Buy” rating by William Blair on Thursday, February 22. As per Wednesday, January 3, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by Needham given on Wednesday, November 8. The stock of Vonage Holdings Corp. (NYSE:VG) has “Buy” rating given on Thursday, February 22 by Northland Capital. The rating was maintained by William Blair on Wednesday, November 8 with “Buy”. The firm earned “Buy” rating on Thursday, October 19 by Robert W. Baird.

Vonage Holdings Corp. (NYSE:VG) Institutional Positions Chart

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