KVH Industries, Inc. (NASDAQ:KVHI) Holdings Decreased by Systematic Financial Management LP

Systematic Financial Management LP lessened its position in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,463,043 shares of the communications equipment provider’s stock after selling 29,548 shares during the quarter. Systematic Financial Management LP owned approximately 8.55% of KVH Industries worth $17,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of KVH Industries by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 124,423 shares of the communications equipment provider’s stock worth $1,046,000 after buying an additional 774 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of KVH Industries by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 20,504 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 442 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of KVH Industries by 6.6% in the first quarter. Geode Capital Management LLC now owns 106,885 shares of the communications equipment provider’s stock worth $897,000 after buying an additional 6,647 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of KVH Industries by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,143,838 shares of the communications equipment provider’s stock worth $9,608,000 after buying an additional 84,672 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of KVH Industries by 12.2% in the first quarter. UBS Group AG now owns 68,160 shares of the communications equipment provider’s stock worth $572,000 after buying an additional 7,385 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on KVHI. Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, October 18th. Needham & Company LLC reaffirmed a “buy” rating on shares of KVH Industries in a research note on Friday, November 3rd. Finally, ValuEngine downgraded shares of KVH Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. KVH Industries currently has a consensus rating of “Hold” and a consensus price target of $10.67.

Shares of KVH Industries, Inc. (KVHI) traded up $0.25 on Thursday, hitting $10.05. 26,147 shares of the company’s stock were exchanged, compared to its average volume of 64,010. KVH Industries, Inc. has a 1-year low of $7.65 and a 1-year high of $12.75. The company has a quick ratio of 1.80, a current ratio of 2.30 and a debt-to-equity ratio of 0.43.

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KVH Industries Profile

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.

Institutional Ownership by Quarter for KVH Industries (NASDAQ:KVHI)

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