Usca Ria LLC Invests $30,000 in Viavi Solutions Inc (NASDAQ:VIAV)

Usca Ria LLC purchased a new position in Viavi Solutions Inc (NASDAQ:VIAV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,148 shares of the communications equipment provider’s stock, valued at approximately $30,000.

Other hedge funds have also bought and sold shares of the company. Balyasny Asset Management LLC grew its holdings in shares of Viavi Solutions by 315.8% in the second quarter. Balyasny Asset Management LLC now owns 2,952,192 shares of the communications equipment provider’s stock worth $39,235,000 after acquiring an additional 2,242,256 shares during the period. Bank of Montreal Can grew its holdings in shares of Viavi Solutions by 9,777.3% in the second quarter. Bank of Montreal Can now owns 1,347,170 shares of the communications equipment provider’s stock worth $17,904,000 after acquiring an additional 1,333,531 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Viavi Solutions by 38.3% in the second quarter. Renaissance Technologies LLC now owns 4,442,088 shares of the communications equipment provider’s stock worth $59,035,000 after acquiring an additional 1,230,200 shares during the period. Rothschild & Co. Asset Management US Inc. grew its holdings in shares of Viavi Solutions by 52.8% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 3,246,475 shares of the communications equipment provider’s stock worth $43,146,000 after acquiring an additional 1,122,113 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of Viavi Solutions in the second quarter worth $13,815,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

In other Viavi Solutions news, Director Timothy Campos sold 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $14.74, for a total transaction of $169,510.00. Following the sale, the director now directly owns 101,122 shares in the company, valued at $1,490,538.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amar Maletira sold 60,465 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.82, for a total value of $956,556.30. Following the sale, the chief financial officer now owns 244,206 shares in the company, valued at $3,863,338.92. The disclosure for this sale can be found here. Insiders sold 238,859 shares of company stock worth $3,703,740 over the last quarter. 0.88% of the stock is owned by company insiders.

NASDAQ:VIAV opened at $15.88 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.88 and a current ratio of 3.24. The firm has a market capitalization of $3.64 billion, a PE ratio of 30.54 and a beta of 1.08. Viavi Solutions Inc has a 52-week low of $9.17 and a 52-week high of $16.35. The stock has a 50-day simple moving average of $14.68 and a two-hundred day simple moving average of $13.91.

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Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, October 30th. The communications equipment provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $299.80 million for the quarter, compared to the consensus estimate of $287.31 million. Viavi Solutions had a return on equity of 17.53% and a net margin of 2.37%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. Equities analysts forecast that Viavi Solutions Inc will post 0.56 earnings per share for the current fiscal year.

VIAV has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Viavi Solutions in a report on Friday, August 16th. Zacks Investment Research raised Viavi Solutions from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Monday, September 16th. Susquehanna Bancshares initiated coverage on Viavi Solutions in a report on Friday, October 18th. They issued a “positive” rating and a $19.00 price objective for the company. ValuEngine lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus set a $15.00 price objective on Viavi Solutions and gave the stock a “buy” rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Viavi Solutions currently has a consensus rating of “Buy” and an average price target of $15.89.

Viavi Solutions Profile

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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