Tidal Investments LLC Makes New $2.56 Million Investment in Vistance Networks, Inc. $VISN

Tidal Investments LLC acquired a new stake in shares of Vistance Networks, Inc. (NASDAQ:VISN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 200,003 shares of the business services provider’s stock, valued at approximately $2,556,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VISN. BlackRock Inc. bought a new position in shares of Vistance Networks in the 2nd quarter worth approximately $319,679,000. Bank of America Corp DE bought a new stake in shares of Vistance Networks during the second quarter valued at approximately $73,146,000. HighTower Advisors LLC bought a new stake in shares of Vistance Networks during the second quarter valued at approximately $34,338,000. Allianz Asset Management GmbH purchased a new stake in Vistance Networks in the second quarter worth $34,115,000. Finally, Hennessy Advisors Inc. purchased a new stake in Vistance Networks in the second quarter worth $28,614,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Insider Activity

In other news, CAO Charles A. Gilstrap bought 10,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $10.75 per share, with a total value of $107,500.00. Following the completion of the acquisition, the chief accounting officer owned 302,417 shares of the company’s stock, valued at approximately $3,250,982.75. This represents a 3.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L. William Krause sold 23,864 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.27, for a total transaction of $149,627.28. Following the completion of the transaction, the director owned 74,507 shares in the company, valued at approximately $467,158.89. This represents a 24.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

VISN has been the subject of several recent research reports. Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Wall Street Zen raised shares of Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Weiss Ratings lowered shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Vistance Networks has a consensus rating of “Hold” and an average price target of $19.33.

Vistance Networks Trading Up 4.0%

Shares of NASDAQ:VISN opened at $6.73 on Wednesday. The stock has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $13.37. Vistance Networks, Inc. has a 12-month low of $6.00 and a 12-month high of $20.55. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 0.22 and a beta of 2.39.

Vistance Networks Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were paid a $5.00 dividend. The ex-dividend date was Friday, August 28th.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.