James Investment Research Inc. acquired a new stake in Viavi Solutions Inc (NASDAQ:VIAV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,150 shares of the communications equipment provider’s stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VIAV. Meeder Asset Management Inc. acquired a new position in Viavi Solutions in the 4th quarter valued at $31,000. Pearl River Capital LLC acquired a new position in Viavi Solutions in the 4th quarter valued at $45,000. Capital Investment Advisory Services LLC acquired a new position in Viavi Solutions in the 1st quarter valued at $68,000. First Quadrant L P CA acquired a new position in Viavi Solutions in the 4th quarter valued at $76,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Viavi Solutions in the 4th quarter valued at $87,000. 92.70% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on VIAV. BidaskClub raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Viavi Solutions from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $13.00 in a research note on Monday, April 22nd. Northland Securities began coverage on shares of Viavi Solutions in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $15.00 price objective on the stock. TheStreet raised shares of Viavi Solutions from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Viavi Solutions in a research note on Sunday, February 10th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Viavi Solutions has a consensus rating of “Buy” and an average target price of $12.99.

In related news, SVP Luke M. Scrivanich sold 4,810 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $13.29, for a total value of $63,924.90. Following the sale, the senior vice president now directly owns 45,456 shares of the company’s stock, valued at approximately $604,110.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 6,915 shares of company stock worth $91,685. 0.50% of the stock is owned by corporate insiders.

NASDAQ:VIAV opened at $13.25 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.70 and a current ratio of 2.99. Viavi Solutions Inc has a fifty-two week low of $9.12 and a fifty-two week high of $13.59. The firm has a market cap of $3.04 billion, a PE ratio of 38.97 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $259.86 million. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. As a group, equities research analysts expect that Viavi Solutions Inc will post 0.55 earnings per share for the current fiscal year.

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About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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