Cinctive Capital Management LP Purchases New Position in Via Transportation Inc. $VIA

Cinctive Capital Management LP purchased a new position in Via Transportation Inc. (NYSE:VIA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 124,180 shares of the company’s stock, valued at approximately $5,971,000. Cinctive Capital Management LP owned 0.16% of Via Transportation at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Claar Advisors LLC acquired a new stake in Via Transportation in the third quarter valued at approximately $1,923,000. Bamco Inc. NY acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $16,029,000. Bank of America Corp DE purchased a new position in shares of Via Transportation during the 3rd quarter valued at approximately $29,000. Boothbay Fund Management LLC purchased a new position in shares of Via Transportation during the 3rd quarter valued at approximately $1,850,000. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in Via Transportation in the 3rd quarter valued at $20,434,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VIA. Oppenheimer reduced their price objective on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Guggenheim decreased their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Finally, Morgan Stanley cut their price objective on Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Stock Down 7.1%

Shares of VIA stock opened at $16.66 on Friday. The company has a fifty day moving average price of $21.20. The stock has a market cap of $1.35 billion and a price-to-earnings 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 earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter.

About Via Transportation

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.