272 Capital LP Has $90,000 Stock Position in Viavi Solutions Inc. (NASDAQ:VIAV)

272 Capital LP lowered its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 90.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the communications equipment provider's stock after selling 100,000 shares during the quarter. 272 Capital LP's holdings in Viavi Solutions were worth $90,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Louisiana State Employees Retirement System lifted its stake in shares of Viavi Solutions by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider's stock worth $772,000 after acquiring an additional 2,100 shares during the period. nVerses Capital LLC raised its holdings in Viavi Solutions by 24.0% during the third quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider's stock worth $107,000 after purchasing an additional 2,300 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Viavi Solutions in the third quarter worth approximately $25,000. KBC Group NV boosted its stake in Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider's stock valued at $85,000 after purchasing an additional 3,252 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Viavi Solutions by 7.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider's stock valued at $530,000 after purchasing an additional 4,043 shares during the period. Institutional investors own 95.54% of the company's stock.

Insiders Place Their Bets

In related news, SVP Luke M. Scrivanich sold 3,029 shares of Viavi Solutions stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the completion of the transaction, the senior vice president now directly owns 57,319 shares of the company's stock, valued at $507,846.34. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Masood Jabbar sold 15,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $8.20, for a total transaction of $123,000.00. Following the transaction, the director now owns 228,514 shares in the company, valued at approximately $1,873,814.80. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,949 shares of company stock valued at $489,511. 1.52% of the stock is currently owned by insiders.

Viavi Solutions Stock Up 0.6 %

NASDAQ:VIAV traded up $0.06 during trading hours on Friday, hitting $9.94. 588,071 shares of the stock traded hands, compared to its average volume of 1,835,553. The firm has a 50 day moving average price of $9.50 and a 200 day moving average price of $8.33. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $11.32. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -58.47 and a beta of 0.90. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The firm's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. Equities research analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VIAV. Needham & Company LLC restated a "hold" rating on shares of Viavi Solutions in a research report on Friday, November 1st. UBS Group began coverage on shares of Viavi Solutions in a report on Tuesday, November 19th. They set a "neutral" rating and a $10.60 target price for the company. Stifel Nicolaus decreased their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. StockNews.com downgraded Viavi Solutions from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Rosenblatt Securities raised their price objective on Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.44.

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.