425,000 Shares in Via Transportation Inc. $VIA Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC bought a new position in shares of Via Transportation Inc. (NYSE:VIA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 425,000 shares of the company’s stock, valued at approximately $20,434,000. ArrowMark Colorado Holdings LLC owned approximately 0.54% of Via Transportation as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Via Transportation in the 3rd quarter valued at about $36,000. PNC Financial Services Group Inc. purchased a new position in shares of Via Transportation during the third quarter worth about $60,000. WINTON GROUP Ltd bought a new position in shares of Via Transportation in the third quarter worth approximately $219,000. Legal & General Group Plc bought a new position in shares of Via Transportation in the third quarter worth approximately $239,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Via Transportation in the third quarter valued at approximately $240,000. 74.40% of the stock is currently owned by institutional investors.

Via Transportation Price Performance

Shares of NYSE VIA opened at $16.66 on Friday. The company has a market capitalization of $1.35 billion and a PE ratio of -24.15. Via Transportation Inc. has a one year low of $15.48 and a one year high of $56.31. The company’s 50 day simple moving average is $21.20.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Analyst Ratings Changes

VIA has been the subject of several research analyst reports. Oppenheimer dropped their target price on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley lowered their price objective on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Noble Financial lowered shares of Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Guggenheim reduced their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Via Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.