Capital Research Global Investors Acquires 1,297,114 Shares of Via Transportation Inc. $VIA

Capital Research Global Investors raised its holdings in Via Transportation Inc. (NYSE:VIA) by 153.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,140,200 shares of the company’s stock after buying an additional 1,297,114 shares during the period. Capital Research Global Investors’ holdings in Via Transportation were worth $62,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in VIA. Bank of America Corp DE bought a new position in shares of Via Transportation in the third quarter valued at $29,000. Assetmark Inc. bought a new position in shares of Via Transportation in the third quarter valued at $36,000. Strs Ohio bought a new position in shares of Via Transportation in the fourth quarter valued at $52,000. PNC Financial Services Group Inc. bought a new position in shares of Via Transportation in the third quarter valued at $60,000. Finally, WINTON GROUP Ltd bought a new position in shares of Via Transportation in the third quarter valued at $219,000. 74.40% of the stock is owned by institutional investors.

Via Transportation Stock Performance

NYSE VIA opened at $14.63 on Wednesday. Via Transportation Inc. has a 52-week low of $12.95 and a 52-week high of $56.31. The company has a 50-day simple moving average of $15.58 and a 200 day simple moving average of $21.20. The company has a market capitalization of $1.19 billion and a PE ratio of -15.73.

Wall Street Analysts Forecast Growth

VIA has been the topic of a number of recent analyst reports. Raymond James Financial set a $19.00 price target on shares of Via Transportation in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 price target on shares of Via Transportation in a research report on Wednesday, May 13th. Guggenheim dropped their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Via Transportation in a research report on Monday, March 2nd. Finally, Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.10.

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.