SG Americas Securities LLC Sells 43,353 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

SG Americas Securities LLC reduced its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 79.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,214 shares of the communications equipment provider’s stock after selling 43,353 shares during the period. SG Americas Securities LLC’s holdings in Viavi Solutions were worth $101,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Innealta Capital LLC acquired a new position in Viavi Solutions during the second quarter worth about $38,000. Headlands Technologies LLC bought a new position in Viavi Solutions in the 1st quarter valued at approximately $55,000. Quarry LP boosted its position in Viavi Solutions by 419.7% in the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 5,838 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Viavi Solutions during the second quarter worth $52,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Viavi Solutions during the first quarter worth $99,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Stock Down 0.7 %

Viavi Solutions stock opened at $9.14 on Monday. The company has a market capitalization of $2.04 billion, a PE ratio of -457.00 and a beta of 0.91. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.32. The firm’s fifty day moving average is $8.68 and its 200 day moving average is $7.97. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $251.83 million. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. As a group, sell-side analysts predict that Viavi Solutions Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. B. Riley decreased their target price on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus reduced their price objective on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.71.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total value of $55,076.48. Following the completion of the sale, the executive vice president now owns 35,631 shares of the company’s stock, valued at approximately $267,945.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the sale, the executive vice president now directly owns 35,631 shares of the company’s stock, valued at approximately $267,945.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the transaction, the director now owns 243,514 shares in the company, valued at approximately $1,989,509.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,976 shares of company stock worth $720,562. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.