Sanctuary Advisors LLC Takes Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Sanctuary Advisors LLC acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,063 shares of the communications equipment provider’s stock, valued at approximately $76,000.

Several other large investors have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Viavi Solutions in the 2nd quarter valued at about $38,000. Quarry LP grew its holdings in Viavi Solutions by 419.7% during the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 5,838 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter valued at about $52,000. Headlands Technologies LLC acquired a new stake in shares of Viavi Solutions in the first quarter valued at about $55,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Viavi Solutions in the second quarter valued at about $92,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total value of $55,076.48. Following the completion of the sale, the executive vice president now owns 35,631 shares in the company, valued at approximately $267,945.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Paul Mcnab sold 7,324 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the transaction, the executive vice president now owns 35,631 shares in the company, valued at $267,945.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $9.17, for a total transaction of $137,550.00. Following the completion of the sale, the director now directly owns 213,514 shares of the company’s stock, valued at approximately $1,957,923.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,976 shares of company stock worth $720,562 in the last 90 days. Company insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Down 0.3 %

Shares of Viavi Solutions stock opened at $9.31 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.16 and a current ratio of 3.55. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $11.32. The company’s 50 day moving average price is $8.58 and its 200-day moving average price is $7.96. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -77.58 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $252.00 million for the quarter, compared to analyst estimates of $251.83 million. Equities research analysts forecast that Viavi Solutions Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

VIAV has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a report on Friday, August 9th. B. Riley reduced their price objective on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 9th. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, Rosenblatt Securities cut Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $8.25 in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.71.

Viavi Solutions 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.