KVH Industries (NASDAQ:KVHI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of KVH Industries (NASDAQ:KVHI – Get Rating) in a report issued on Thursday morning. The brokerage issued a buy rating on the communications equipment provider’s stock.

Several other brokerages also recently commented on KVHI. TheStreet raised shares of KVH Industries from a d+ rating to a c rating in a research note on Tuesday, December 6th. Raymond James downgraded shares of KVH Industries from a strong-buy rating to a market perform rating in a research note on Thursday, December 8th. Finally, Needham & Company LLC lifted their target price on shares of KVH Industries from $12.00 to $13.00 and gave the stock a buy rating in a research note on Wednesday, December 7th.

KVH Industries Trading Down 0.9 %

Shares of KVHI stock traded down $0.09 during trading hours on Thursday, hitting $9.87. 143,671 shares of the company’s stock were exchanged, compared to its average volume of 33,779. KVH Industries has a 12-month low of $6.89 and a 12-month high of $11.88. The business’s 50 day simple moving average is $10.09 and its 200-day simple moving average is $10.03. The company has a market capitalization of $189.31 million, a PE ratio of 7.71 and a beta of 0.56.

Institutional Trading of KVH Industries

Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new stake in KVH Industries in the fourth quarter valued at $353,000. Morgan Stanley boosted its holdings in shares of KVH Industries by 31.9% during the 4th quarter. Morgan Stanley now owns 28,959 shares of the communications equipment provider’s stock valued at $296,000 after buying an additional 6,998 shares in the last quarter. Man Group plc bought a new stake in shares of KVH Industries during the 4th quarter valued at $110,000. Needham Investment Management LLC boosted its holdings in shares of KVH Industries by 1.5% during the 4th quarter. Needham Investment Management LLC now owns 1,857,850 shares of the communications equipment provider’s stock valued at $18,987,000 after buying an additional 27,350 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its holdings in shares of KVH Industries by 71.3% during the 4th quarter. Boothbay Fund Management LLC now owns 154,135 shares of the communications equipment provider’s stock valued at $1,575,000 after buying an additional 64,135 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

About KVH Industries

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KVH Industries, Inc engages in the provision of internet, television and voice services via satellite to mobile users at sea and on land. It operates through the Mobile Connectivity and Inertial Navigation segments. The Mobile Connectivity segment consists of satellite television and internet solutions and media and content delivery solutions.