KVH Industries, Inc. (KVHI) Shares Sold by Axa

Axa cut its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 27.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,782 shares of the communications equipment provider’s stock after selling 17,683 shares during the quarter. Axa’s holdings in KVH Industries were worth $626,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Systematic Financial Management LP raised its position in shares of KVH Industries by 10.4% in the second quarter. Systematic Financial Management LP now owns 1,678,467 shares of the communications equipment provider’s stock valued at $22,491,000 after buying an additional 158,436 shares during the last quarter. BlackRock Inc. raised its position in shares of KVH Industries by 5.3% in the second quarter. BlackRock Inc. now owns 1,181,790 shares of the communications equipment provider’s stock valued at $15,836,000 after buying an additional 59,508 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of KVH Industries by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,304,082 shares of the communications equipment provider’s stock valued at $17,475,000 after buying an additional 10,733 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of KVH Industries by 3.1% in the second quarter. Renaissance Technologies LLC now owns 378,400 shares of the communications equipment provider’s stock valued at $5,071,000 after buying an additional 11,500 shares during the last quarter. Finally, Portolan Capital Management LLC raised its position in shares of KVH Industries by 12.1% in the second quarter. Portolan Capital Management LLC now owns 127,635 shares of the communications equipment provider’s stock valued at $1,710,000 after buying an additional 13,793 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:KVHI opened at $11.05 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $195.29 million, a PE ratio of -85.00 and a beta of 0.64. KVH Industries, Inc. has a 1-year low of $9.05 and a 1-year high of $14.15.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Friday, November 2nd. The communications equipment provider reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $43.52 million during the quarter, compared to analyst estimates of $43.36 million. KVH Industries had a negative net margin of 4.88% and a negative return on equity of 0.87%. Research analysts anticipate that KVH Industries, Inc. will post -0.16 earnings per share for the current fiscal year.

KVHI has been the subject of a number of analyst reports. Chardan Capital raised shares of KVH Industries from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, September 24th. Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, October 17th.

ILLEGAL ACTIVITY NOTICE: “KVH Industries, Inc. (KVHI) Shares Sold by Axa” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/12/08/kvh-industries-inc-kvhi-shares-sold-by-axa.html.

KVH Industries Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products, including satellite TV antennas; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

Featured Story: Marijuana Stocks

Want to see what other hedge funds are holding KVHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KVH Industries, Inc. (NASDAQ:KVHI).

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

Receive News & Ratings for KVH Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KVH Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply