Bamco Inc. NY Makes New $16.03 Million Investment in Via Transportation Inc. $VIA

Bamco Inc. NY purchased a new position in Via Transportation Inc. (NYSE:VIA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 333,384 shares of the company’s stock, valued at approximately $16,029,000. Bamco Inc. NY owned about 0.42% of Via Transportation at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of Via Transportation in the 3rd quarter valued at approximately $29,000. Assetmark Inc. bought a new stake in Via Transportation during the third quarter worth approximately $36,000. PNC Financial Services Group Inc. acquired a new position in Via Transportation during the third quarter valued at approximately $60,000. WINTON GROUP Ltd bought a new position in shares of Via Transportation in the third quarter valued at approximately $219,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Via Transportation in the third quarter valued at approximately $240,000. Institutional investors own 74.40% of the company’s stock.

Via Transportation Price Performance

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

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Oppenheimer cut their price objective 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. Finally, The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Via Transportation in a research note on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

About Via Transportation

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.