Ghisallo Capital Management LLC Takes Position in Via Transportation Inc. $VIA

Ghisallo Capital Management LLC bought a new position in shares of Via Transportation Inc. (NYSE:VIA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 100,000 shares of the company’s stock, valued at approximately $4,808,000. Ghisallo Capital Management LLC owned approximately 0.13% of Via Transportation at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in Via Transportation in the 3rd quarter valued at about $36,000. PNC Financial Services Group Inc. acquired a new position in shares of Via Transportation during the third quarter worth about $60,000. WINTON GROUP Ltd purchased a new stake in shares of Via Transportation during the third quarter worth approximately $219,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Via Transportation during the third quarter worth approximately $240,000. Finally, Legal & General Group Plc acquired a new stake in Via Transportation in the third quarter valued at approximately $239,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Via Transportation Stock Performance

VIA stock opened at $16.66 on Friday. The stock’s 50 day simple moving average is $21.20. The stock has a market capitalization of $1.35 billion and a PE ratio of -24.15. Via Transportation Inc. has a fifty-two week low of $15.48 and a fifty-two week high of $56.31.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Friday, February 27th. The company reported $999.00 EPS for the quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VIA shares. Oppenheimer decreased their price target on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Noble Financial lowered shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Guggenheim decreased their price objective on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 target price on shares of Via Transportation in a report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.