Viavi Solutions Inc (VIAV) Stake Raised by Stifel Financial Corp

Stifel Financial Corp grew its position in Viavi Solutions Inc (NASDAQ:VIAV) by 82.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,877 shares of the communications equipment provider’s stock after purchasing an additional 43,423 shares during the period. Stifel Financial Corp’s holdings in Viavi Solutions were worth $906,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of VIAV. Victory Capital Management Inc. acquired a new stake in shares of Viavi Solutions in the 2nd quarter valued at $19,852,000. Macquarie Group Ltd. acquired a new stake in shares of Viavi Solutions in the 2nd quarter valued at $19,260,000. Newbrook Capital Advisors LP acquired a new stake in shares of Viavi Solutions in the 2nd quarter valued at $23,942,000. Renaissance Technologies LLC boosted its stake in shares of Viavi Solutions by 36.1% in the 2nd quarter. Renaissance Technologies LLC now owns 6,628,606 shares of the communications equipment provider’s stock valued at $69,799,000 after purchasing an additional 1,756,862 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in Viavi Solutions by 26.1% during the 2nd quarter. Teachers Advisors LLC now owns 3,277,962 shares of the communications equipment provider’s stock worth $34,517,000 after buying an additional 677,531 shares in the last quarter. Institutional investors own 92.40% of the company’s stock.

Viavi Solutions Inc (VIAV) opened at $8.75 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. Viavi Solutions Inc has a 52-week low of $8.13 and a 52-week high of $11.89. The stock has a market cap of $1,990.00, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.89.

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 analysts’ consensus estimates of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The company had revenue of $195.20 million for the quarter, compared to the consensus estimate of $183.89 million. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. equities research analysts anticipate that Viavi Solutions Inc will post 0.31 earnings per share for the current year.

VIAV has been the topic of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. Finally, Rosenblatt Securities set a $13.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Viavi Solutions currently has an average rating of “Hold” and an average price target of $12.50.

In other news, EVP Paul Mcnab sold 3,003 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $9.05, for a total value of $27,177.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Belluzzo sold 10,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $9.54, for a total value of $95,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,674 shares of company stock worth $711,795. Corporate insiders own 0.59% of the company’s stock.

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Viavi Solutions Profile

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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