KVH Industries, Inc. (KVHI) Stake Increased by Teachers Advisors LLC
Teachers Advisors LLC grew its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,203 shares of the communications equipment provider’s stock after buying an additional 3,227 shares during the period. Teachers Advisors LLC owned 0.16% of KVH Industries worth $249,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AXA acquired a new stake in shares of KVH Industries in the second quarter valued at approximately $826,000. Systematic Financial Management LP lifted its position in shares of KVH Industries by 3.7% in the second quarter. Systematic Financial Management LP now owns 1,492,591 shares of the communications equipment provider’s stock valued at $14,180,000 after buying an additional 53,354 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in KVH Industries during the 2nd quarter worth approximately $395,000. Bank of New York Mellon Corp lifted its holdings in KVH Industries by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,053 shares of the communications equipment provider’s stock worth $1,198,000 after purchasing an additional 1,630 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in KVH Industries during the 2nd quarter worth approximately $108,000. 58.45% of the stock is owned by institutional investors.
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Shares of KVH Industries, Inc. (NASDAQ:KVHI) opened at $11.15 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.30 and a quick ratio of 1.80. KVH Industries, Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $12.75.
Several analysts recently weighed in on KVHI shares. Zacks Investment Research raised KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, October 18th. Needham & Company LLC reissued a “buy” rating on shares of KVH Industries in a report on Friday, November 3rd.
About KVH Industries
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
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