Moody National Bank Trust Division Buys Shares of 64,465 Viavi Solutions Inc. (NASDAQ:VIAV)

Moody National Bank Trust Division purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,465 shares of the communications equipment provider’s stock, valued at approximately $651,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VIAV. Capital Performance Advisors LLP bought a new position in Viavi Solutions in the 3rd quarter valued at $25,000. Quarry LP boosted its stake in shares of Viavi Solutions by 419.7% during the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 5,838 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Viavi Solutions in the second quarter worth about $76,000. KBC Group NV increased its stake in Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after buying an additional 3,252 shares during the period. Finally, Gilbert & Cook Inc. bought a new stake in Viavi Solutions during the 3rd quarter valued at about $95,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now directly owns 54,517 shares in the company, valued at $568,612.31. This trade represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Price Performance

Shares of VIAV opened at $10.09 on Wednesday. The company has a 50 day moving average of $10.24 and a two-hundred day moving average of $8.97. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $11.49. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -59.35 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The firm had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, analysts predict that Viavi Solutions Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIAV has been the topic of a number of research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $9.50 target price (up from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. Stifel Nicolaus raised their price objective on Viavi Solutions from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, December 16th. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Northland Securities raised their price target on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.44.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.