272 Capital LP Makes New Investment in Viavi Solutions Inc. (NASDAQ:VIAV)

272 Capital LP acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 110,000 shares of the communications equipment provider’s stock, valued at approximately $756,000.

Several other large investors also recently modified their holdings of VIAV. Innealta Capital LLC acquired a new stake in Viavi Solutions in the 2nd quarter valued at $38,000. Headlands Technologies LLC bought a new position in shares of Viavi Solutions during the first quarter valued at $55,000. Summit Securities Group LLC acquired a new stake in shares of Viavi Solutions in the 2nd quarter valued at $52,000. Park Avenue Securities LLC bought a new stake in shares of Viavi Solutions in the 1st quarter worth about $99,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Viavi Solutions in the 2nd quarter worth about $92,000. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $8.47 on Tuesday. The business’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $8.04. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -423.50 and a beta of 0.91. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.32.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $251.83 million. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rosenblatt Securities lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $8.25 in a research report on Wednesday, June 26th. B. Riley reduced their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus dropped their price target on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. Finally, StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and an average target price of $10.71.

Insiders Place Their Bets

In other news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $8.20, for a total value of $123,000.00. Following the transaction, the director now owns 228,514 shares of the company’s stock, valued at approximately $1,873,814.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $8.20, for a total value of $123,000.00. Following the sale, the director now directly owns 228,514 shares in the company, valued at approximately $1,873,814.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Christopher Siebert sold 8,432 shares of Viavi Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.63, for a total transaction of $72,768.16. Following the transaction, the senior vice president now directly owns 56,617 shares in the company, valued at approximately $488,604.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,947 shares of company stock valued at $556,175. Company insiders own 1.80% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.