KVH Industries (NASDAQ:KVHI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a buy rating in a report released on Saturday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

KVH Industries Trading Down 1.9%

KVHI stock opened at $10.69 on Friday. KVH Industries has a one year low of $5.04 and a one year high of $11.45. The firm has a market capitalization of $208.46 million, a PE ratio of -41.12 and a beta of 0.43. The firm has a 50-day moving average of $9.01 and a two-hundred day moving average of $7.33.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $32.32 million during the quarter, compared to analyst estimates of $30.56 million. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%.

Hedge Funds Weigh In On KVH Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC grew its holdings in KVH Industries by 3.3% during the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after purchasing an additional 2,222 shares during the last quarter. State Street Corp grew its stake in shares of KVH Industries by 4.4% in the fourth quarter. State Street Corp now owns 66,018 shares of the communications equipment provider’s stock worth $460,000 after acquiring an additional 2,800 shares during the last quarter. Peapod Lane Capital LLC grew its stake in shares of KVH Industries by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after acquiring an additional 3,058 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of KVH Industries by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock worth $219,000 after acquiring an additional 5,378 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of KVH Industries by 27.8% in the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 5,935 shares during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Company Profile

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.