KVH Industries (NASDAQ:KVHI - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.
KVH Industries Stock Up 1.0 %
KVH Industries stock traded up $0.05 during trading hours on Friday, hitting $5.06. The stock had a trading volume of 62,571 shares, compared to its average volume of 83,839. The stock's 50-day moving average price is $4.87 and its 200-day moving average price is $4.94. KVH Industries has a 12-month low of $4.30 and a 12-month high of $11.97. The stock has a market capitalization of $99.43 million, a P/E ratio of -6.32 and a beta of 0.64.
Hedge Funds Weigh In On KVH Industries
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of KVH Industries by 38.3% in the first quarter. Bank of America Corp DE now owns 6,665 shares of the communications equipment provider's stock worth $76,000 after purchasing an additional 1,846 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of KVH Industries by 12.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,363 shares of the communications equipment provider's stock valued at $198,000 after buying an additional 1,963 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of KVH Industries by 1.8% during the second quarter. Renaissance Technologies LLC now owns 138,000 shares of the communications equipment provider's stock valued at $1,261,000 after buying an additional 2,400 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of KVH Industries by 1.7% during the first quarter. Geode Capital Management LLC now owns 144,326 shares of the communications equipment provider's stock valued at $1,642,000 after buying an additional 2,424 shares during the last quarter. Finally, State Street Corp lifted its position in shares of KVH Industries by 1.0% during the first quarter. State Street Corp now owns 294,680 shares of the communications equipment provider's stock valued at $2,682,000 after buying an additional 2,839 shares during the last quarter. Hedge funds and other institutional investors own 73.66% of the company's stock.
KVH Industries Company Profile
(
Get Free Report)
KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.
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