Brinker Capital Investments LLC boosted its position in shares of KVH Industries, Inc. (NASDAQ:KVHI – Get Rating) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,517 shares of the communications equipment provider’s stock after acquiring an additional 8,692 shares during the quarter. Brinker Capital Investments LLC’s holdings in KVH Industries were worth $835,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. bought a new position in shares of KVH Industries in the second quarter valued at about $2,024,000. Millennium Management LLC bought a new position in shares of KVH Industries in the second quarter valued at about $584,000. Citadel Advisors LLC raised its position in shares of KVH Industries by 107.3% in the second quarter. Citadel Advisors LLC now owns 68,075 shares of the communications equipment provider’s stock valued at $593,000 after purchasing an additional 35,235 shares during the period. Needham Investment Management LLC raised its position in shares of KVH Industries by 1.7% in the second quarter. Needham Investment Management LLC now owns 1,830,500 shares of the communications equipment provider’s stock valued at $15,925,000 after purchasing an additional 30,500 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of KVH Industries in the second quarter valued at about $218,000. 64.19% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently weighed in on KVHI. Raymond James lowered shares of KVH Industries from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, December 8th. Needham & Company LLC upped their price target on shares of KVH Industries from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. StockNews.com upgraded shares of KVH Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, December 7th. Finally, TheStreet upgraded shares of KVH Industries from a “d+” rating to a “c” rating in a research note on Tuesday, December 6th.
KVH Industries Stock Performance
KVH Industries (NASDAQ:KVHI – Get Rating) last announced its quarterly earnings data on Tuesday, December 6th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $35.17 million for the quarter, compared to the consensus estimate of $39.10 million. KVH Industries had a net margin of 12.05% and a negative return on equity of 4.13%. On average, analysts forecast that KVH Industries, Inc. will post -0.12 EPS for the current year.
KVH Industries Company Profile
KVH Industries, Inc engages in the provision of internet, television and voice services via satellite to mobile users at sea and on land. It operates through the Mobile Connectivity and Inertial Navigation segments. The Mobile Connectivity segment consists of satellite television and internet solutions and media and content delivery solutions.
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