KVH Industries (NASDAQ:KVHI) Lowered to Sell at StockNews.com

StockNews.com lowered shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

KVH Industries Stock Down 7.6 %

Shares of KVHI stock opened at $4.86 on Friday. KVH Industries has a 12-month low of $4.30 and a 12-month high of $11.62. The firm has a market capitalization of $95.50 million, a price-to-earnings ratio of -6.07 and a beta of 0.64. The firm has a fifty day moving average of $4.92 and a 200-day moving average of $4.93.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Friday, March 15th. The communications equipment provider reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $31.46 million during the quarter. KVH Industries had a negative net margin of 11.69% and a negative return on equity of 0.15%.

Institutional Investors Weigh In On KVH Industries

A number of institutional investors and hedge funds have recently modified their holdings of KVHI. Acadian Asset Management LLC raised its holdings in KVH Industries by 149.4% in the 1st quarter. Acadian Asset Management LLC now owns 37,776 shares of the communications equipment provider’s stock valued at $342,000 after acquiring an additional 22,629 shares during the period. Panagora Asset Management Inc. raised its stake in shares of KVH Industries by 46.1% during the first quarter. Panagora Asset Management Inc. now owns 61,148 shares of the communications equipment provider’s stock valued at $556,000 after acquiring an additional 19,292 shares during the last quarter. Invesco Ltd. raised its stake in shares of KVH Industries by 14.7% during the first quarter. Invesco Ltd. now owns 64,281 shares of the communications equipment provider’s stock valued at $585,000 after acquiring an additional 8,253 shares during the last quarter. State Street Corp raised its stake in KVH Industries by 1.0% during the first quarter. State Street Corp now owns 294,680 shares of the communications equipment provider’s stock worth $2,682,000 after buying an additional 2,839 shares during the last quarter. Finally, Brinker Capital Investments LLC raised its stake in KVH Industries by 18.4% during the first quarter. Brinker Capital Investments LLC now owns 88,760 shares of the communications equipment provider’s stock worth $808,000 after buying an additional 13,770 shares during the last quarter. 73.66% of the stock is owned by institutional investors.

About KVH Industries

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.