KVH Industries (NASDAQ:KVHI) Upgraded to “Hold” by StockNews.com

KVH Industries (NASDAQ:KVHI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

KVH Industries Price Performance

Shares of NASDAQ:KVHI opened at $4.89 on Tuesday. The company’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $4.91. The stock has a market capitalization of $96.07 million, a price-to-earnings ratio of -6.11 and a beta of 0.64. KVH Industries has a 1 year low of $4.30 and a 1 year high of $10.89.

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

Institutional Investors Weigh In On KVH Industries

A number of hedge funds have recently made changes to their positions in KVHI. Marquette Asset Management LLC increased its position in KVH Industries by 20.9% during the 4th quarter. Marquette Asset Management LLC now owns 32,000 shares of the communications equipment provider’s stock worth $168,000 after purchasing an additional 5,538 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of KVH Industries during the fourth quarter worth $54,000. Orion Portfolio Solutions LLC lifted its stake in shares of KVH Industries by 13.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 92,166 shares of the communications equipment provider’s stock valued at $470,000 after acquiring an additional 10,679 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of KVH Industries by 83.9% during the 3rd quarter. Quadrature Capital Ltd now owns 37,232 shares of the communications equipment provider’s stock valued at $191,000 after acquiring an additional 16,988 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of KVH Industries by 50.7% during the 3rd quarter. Barclays PLC now owns 51,117 shares of the communications equipment provider’s stock valued at $261,000 after acquiring an additional 17,193 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

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.