KVH Industries (KVHI) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a sell rating in a research note published on Wednesday.

According to Zacks, “KVH Europe A/S is a wholly owned subsidiary of USA-based KVH Industries, Inc. KVH is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than one lakhs mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. KVH Europe is the preferred supplier of marine satellite TV systems to leading powerboat builders like Sunseeker, Princess, Fairline, Rodriquez, Azimut, and Astondoa. KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices. “

KVHI has been the subject of a number of other research reports. Chardan Capital upgraded shares of KVH Industries from a neutral rating to a buy rating and set a $20.00 target price for the company in a research report on Monday, September 24th. Needham & Company LLC restated a buy rating and set a $14.00 target price on shares of KVH Industries in a research report on Friday, August 3rd.

KVHI stock traded up $0.13 during trading on Wednesday, reaching $11.38. 619 shares of the company were exchanged, compared to its average volume of 20,869. The company has a market cap of $199.37 million, a P/E ratio of -87.77 and a beta of 0.67. KVH Industries has a 52-week low of $9.05 and a 52-week high of $14.15. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings data on Friday, November 2nd. The communications equipment provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $43.52 million for the quarter, compared to the consensus estimate of $43.36 million. KVH Industries had a negative net margin of 4.88% and a negative return on equity of 0.87%. On average, equities research analysts expect that KVH Industries will post -0.16 earnings per share for the current year.

In other KVH Industries news, VP Felise Feingold sold 4,432 shares of KVH Industries stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $12.26, for a total transaction of $54,336.32. Following the completion of the transaction, the vice president now owns 54,146 shares in the company, valued at $663,829.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its position in KVH Industries by 5.1% during the second quarter. Northern Trust Corp now owns 202,699 shares of the communications equipment provider’s stock worth $2,716,000 after acquiring an additional 9,862 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of KVH Industries by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,304,082 shares of the communications equipment provider’s stock valued at $17,475,000 after buying an additional 10,733 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of KVH Industries by 3.1% in the second quarter. Renaissance Technologies LLC now owns 378,400 shares of the communications equipment provider’s stock valued at $5,071,000 after buying an additional 11,500 shares during the last quarter. Portolan Capital Management LLC raised its position in shares of KVH Industries by 12.1% in the second quarter. Portolan Capital Management LLC now owns 127,635 shares of the communications equipment provider’s stock valued at $1,710,000 after buying an additional 13,793 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in shares of KVH Industries by 2.4% in the third quarter. Systematic Financial Management LP now owns 1,718,621 shares of the communications equipment provider’s stock valued at $22,514,000 after buying an additional 40,154 shares during the last quarter. Institutional investors own 54.56% of the company’s stock.

KVH Industries Company Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products, including satellite TV antennas; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

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