Capital Research Global Investors Purchases Shares of 843,086 Via Transportation Inc. $VIA

Capital Research Global Investors purchased a new position in shares of Via Transportation Inc. (NYSE:VIA) during the 3rd quarter, Holdings Channel reports. The fund purchased 843,086 shares of the company’s stock, valued at approximately $40,536,000.

Several other hedge funds also recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in shares of Via Transportation in the third quarter valued at about $36,000. PNC Financial Services Group Inc. bought a new stake in Via Transportation during the third quarter worth about $60,000. WINTON GROUP Ltd bought a new position in Via Transportation in the third quarter valued at approximately $219,000. Legal & General Group Plc bought a new position in Via Transportation in the third quarter valued at approximately $239,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $240,000. Institutional investors own 74.40% of the company’s stock.

Via Transportation Stock Performance

VIA stock opened at $17.98 on Friday. Via Transportation Inc. has a one year low of $15.48 and a one year high of $56.31. The company has a market capitalization of $1.46 billion and a PE ratio of -26.06. The stock’s fifty day moving average is $21.41.

Via Transportation (NYSE:VIA) last issued its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VIA shares. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Via Transportation in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Morgan Stanley cut their price target on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Finally, Oppenheimer reduced their price target on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.