WINTON GROUP Ltd Acquires Shares of 44,004 Viavi Solutions Inc. (NASDAQ:VIAV)

WINTON GROUP Ltd bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 44,004 shares of the communications equipment provider’s stock, valued at approximately $444,000.

Other hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management raised its stake in Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 833 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Viavi Solutions by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock valued at $172,000 after purchasing an additional 1,288 shares during the period. Xponance Inc. raised its stake in shares of Viavi Solutions by 11.5% during the fourth quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider’s stock worth $161,000 after purchasing an additional 1,649 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Viavi Solutions by 15.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 1,792 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Viavi Solutions by 5.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after purchasing an additional 2,277 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the transaction, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,164 shares of company stock valued at $711,422 in the last ninety days. Corporate insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, January 31st. Rosenblatt Securities raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 7th. StockNews.com cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Northland Securities reissued an “outperform” rating and issued a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.72.

Viavi Solutions Trading Down 1.1 %

Shares of Viavi Solutions stock opened at $11.26 on Monday. The company has a 50-day moving average of $11.35 and a two-hundred day moving average of $10.30. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The stock has a market cap of $2.50 billion, a PE ratio of -62.55 and a beta of 0.94.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.