UBS Group AG Raises Stock Holdings in Via Transportation Inc. $VIA

UBS Group AG boosted its holdings in Via Transportation Inc. (NYSE:VIA) by 104.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,200 shares of the company’s stock after buying an additional 56,225 shares during the quarter. UBS Group AG owned 0.14% of Via Transportation worth $3,197,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ion Asset Management Ltd. purchased a new position in Via Transportation in the 3rd quarter worth about $4,808,000. Koch Inc. purchased a new position in Via Transportation in the 3rd quarter worth about $81,747,000. Principal Financial Group Inc. purchased a new position in Via Transportation in the 3rd quarter worth about $14,394,000. Federated Hermes Inc. purchased a new position in Via Transportation in the 3rd quarter worth about $9,616,000. Finally, Capital Research Global Investors purchased a new position in Via Transportation in the 3rd quarter worth about $40,536,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Via Transportation Trading Down 0.0%

Shares of NYSE:VIA opened at $14.97 on Monday. The stock has a 50 day moving average of $15.48 and a 200 day moving average of $23.81. The company has a market cap of $1.22 billion and a PE ratio of -16.09. Via Transportation Inc. has a 12-month low of $12.95 and a 12-month high of $56.31.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter. Equities research analysts predict that Via Transportation Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VIA shares. Guggenheim cut their price target on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Wells Fargo & Company cut their price target on Via Transportation from $36.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $25.00 price target on Via Transportation in a research note on Wednesday, May 13th. Weiss Ratings upgraded Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $24.00 price target on shares of Via Transportation in a research note on Tuesday, May 12th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.60.

Via Transportation Company 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.