KVH Industries (KVHI) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a sell rating in a research report report published on Thursday morning.
A number of other equities research analysts also recently weighed in on the company. Needham & Company LLC reissued a buy rating on shares of KVH Industries in a report on Friday, November 3rd. Zacks Investment Research downgraded KVH Industries from a strong-buy rating to a hold rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $10.33.
Shares of KVH Industries (NASDAQ:KVHI) opened at $10.50 on Thursday. KVH Industries has a twelve month low of $7.65 and a twelve month high of $12.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.80 and a current ratio of 2.30.
In related news, CEO Van Heyningen Martin Kits sold 4,796 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $9.22, for a total value of $44,219.12. Following the completion of the transaction, the chief executive officer now owns 637,431 shares of the company’s stock, valued at $5,877,113.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 10,051 shares of company stock valued at $95,816. 9.70% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of KVHI. Dimensional Fund Advisors LP raised its stake in KVH Industries by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,203,037 shares of the communications equipment provider’s stock valued at $11,429,000 after purchasing an additional 59,199 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in KVH Industries in the fourth quarter valued at about $401,000. Thomson Horstmann & Bryant Inc. raised its stake in KVH Industries by 18.4% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 211,606 shares of the communications equipment provider’s stock valued at $2,190,000 after purchasing an additional 32,852 shares in the last quarter. Vanguard Group Inc. raised its stake in KVH Industries by 5.0% in the second quarter. Vanguard Group Inc. now owns 670,397 shares of the communications equipment provider’s stock valued at $6,369,000 after purchasing an additional 32,022 shares in the last quarter. Finally, Burney Co. acquired a new position in KVH Industries in the fourth quarter valued at about $303,000. 55.96% of the stock is owned by institutional investors and hedge funds.
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About KVH Industries
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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