Tudor Investment Corp ET AL Makes New Investment in Via Transportation Inc. $VIA

Tudor Investment Corp ET AL purchased a new stake in Via Transportation Inc. (NYSE:VIA) during the third quarter, Holdings Channel reports. The institutional investor purchased 48,476 shares of the company’s stock, valued at approximately $2,331,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in shares of Via Transportation during the third quarter worth approximately $29,000. Assetmark Inc. acquired a new position in Via Transportation during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. acquired a new position in Via Transportation during the 3rd quarter worth approximately $60,000. WINTON GROUP Ltd purchased a new stake in shares of Via Transportation in the 3rd quarter valued at approximately $219,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Via Transportation in the 3rd quarter valued at $240,000. 74.40% of the stock is owned by institutional investors and hedge funds.

Via Transportation Price Performance

NYSE VIA opened at $13.66 on Friday. The firm has a fifty day moving average of $18.86. Via Transportation Inc. has a 12 month low of $13.11 and a 12 month high of $56.31. The stock has a market cap of $1.11 billion and a P/E ratio of -19.80.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Analyst Upgrades and Downgrades

VIA has been the subject of a number of analyst reports. Guggenheim lowered their target price on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Via Transportation in a report on Monday, March 2nd. Oppenheimer lowered their price objective on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Via Transportation in a report on Monday, March 2nd. Finally, Morgan Stanley decreased their target price on Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Via Transportation presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.