Russell Investments Group Ltd. Cuts Holdings in Videocon d2h Limited (NASDAQ:VDTH)

Russell Investments Group Ltd. lessened its holdings in shares of Videocon d2h Limited (NASDAQ:VDTH) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,338 shares of the company’s stock after selling 20,518 shares during the period. Russell Investments Group Ltd. owned 0.14% of Videocon d2h Limited worth $1,406,000 at the end of the most recent reporting period.

Videocon d2h Limited (NASDAQ:VDTH) traded down 3.46% on Friday, reaching $9.20. The company’s stock had a trading volume of 151,013 shares. Videocon d2h Limited has a 52 week low of $7.81 and a 52 week high of $10.20. The firm’s 50 day moving average price is $9.43 and its 200-day moving average price is $9.61. The company has a market capitalization of $968.22 million, a price-to-earnings ratio of 224.39 and a beta of 1.90.

Several brokerages have recently weighed in on VDTH. BidaskClub lowered Videocon d2h Limited from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. ValuEngine lowered Videocon d2h Limited from a “buy” rating to a “hold” rating in a research report on Friday, May 26th.

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Videocon d2h Limited Profile

Videocon d2h Limited is engaged in the provision of direct to home (DTH) subscription television services to subscribers in India. The Company operates under the Videocon d2h brand. The Company is engaged in the transmission of programming to subscribers through satellite broadcasting. Its subscribers have access to over 550 national and international channels and services, including approximately 45 high definition (HD) channels and services, and over 42 audio and video services through its Music Channel Services through several subscription packages, as well as the option of choosing add-ons and a la carte channels and receiving certain discounts through long-term recharge offers.

Institutional Ownership by Quarter for Videocon d2h Limited (NASDAQ:VDTH)

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