American International Group Inc. increased its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,154 shares of the communications equipment provider’s stock after purchasing an additional 9,941 shares during the quarter. American International Group Inc. owned approximately 0.08% of Viavi Solutions worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services Inc bought a new stake in shares of Viavi Solutions in the third quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Viavi Solutions by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock valued at $112,000 after acquiring an additional 1,003 shares in the last quarter. Creative Planning boosted its position in Viavi Solutions by 177.9% during the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock valued at $119,000 after acquiring an additional 7,235 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in Viavi Solutions during the 2nd quarter valued at approximately $123,000. Finally, Sciencast Management LP bought a new stake in Viavi Solutions during the 2nd quarter valued at approximately $146,000. 92.49% of the stock is currently owned by institutional investors.

In other news, EVP Paul Mcnab sold 27,936 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $9.87, for a total transaction of $275,728.32. Following the completion of the transaction, the executive vice president now directly owns 44,755 shares in the company, valued at $441,731.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Christopher Siebert sold 10,689 shares of Viavi Solutions stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $9.40, for a total transaction of $100,476.60. Following the transaction, the vice president now owns 14,968 shares of the company’s stock, valued at $140,699.20. The disclosure for this sale can be found here. Insiders have sold 94,610 shares of company stock valued at $897,523 over the last quarter. Company insiders own 0.59% of the company’s stock.

Several analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Viavi Solutions in a research report on Tuesday, August 15th. MKM Partners lifted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 16th. Zacks Investment Research cut Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.34.

Shares of Viavi Solutions Inc. (NASDAQ VIAV) opened at $8.72 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2,017.23, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. Viavi Solutions Inc. has a 12-month low of $8.13 and a 12-month high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The firm had revenue of $195.20 million during the quarter, compared to analyst estimates of $183.89 million. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. equities research analysts anticipate that Viavi Solutions Inc. will post 0.31 earnings per share for the current year.

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About Viavi Solutions

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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