ValuEngine Downgrades KVH Industries (KVHI) to Sell

KVH Industries (NASDAQ:KVHI) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

KVHI has been the subject of several other reports. Zacks Investment Research raised shares of KVH Industries from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, October 24th. Needham & Company LLC reissued a “buy” rating on shares of KVH Industries in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.67.

Shares of KVH Industries (KVHI) opened at $9.80 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.30 and a debt-to-equity ratio of 0.43. KVH Industries has a 12 month low of $7.65 and a 12 month high of $12.75.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of KVH Industries during the 2nd quarter valued at $108,000. Wells Fargo & Company MN grew its stake in shares of KVH Industries by 73.1% during the 3rd quarter. Wells Fargo & Company MN now owns 17,972 shares of the communications equipment provider’s stock valued at $215,000 after buying an additional 7,588 shares during the period. SPC Financial Inc. purchased a new stake in shares of KVH Industries during the 3rd quarter valued at $223,000. Parametric Portfolio Associates LLC grew its stake in shares of KVH Industries by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 20,504 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 442 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of KVH Industries by 1.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 400 shares during the period. 56.46% of the stock is owned by institutional investors.

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KVH Industries Company Profile

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

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