Geode Capital Management LLC Purchases 6,647 Shares of KVH Industries, Inc. (KVHI)

Geode Capital Management LLC raised its position in KVH Industries, Inc. (NASDAQ:KVHI) by 6.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 106,885 shares of the communications equipment provider’s stock after acquiring an additional 6,647 shares during the period. Geode Capital Management LLC owned approximately 0.63% of KVH Industries worth $897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its holdings in KVH Industries by 2.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 20,504 shares of the communications equipment provider’s stock valued at $172,000 after acquiring an additional 442 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in KVH Industries by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 124,423 shares of the communications equipment provider’s stock valued at $1,046,000 after acquiring an additional 774 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in KVH Industries by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,311 shares of the communications equipment provider’s stock valued at $112,000 after acquiring an additional 2,800 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in KVH Industries by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,600 shares of the communications equipment provider’s stock valued at $182,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in KVH Industries by 25.7% in the fourth quarter. Teachers Advisors LLC now owns 28,892 shares of the communications equipment provider’s stock valued at $341,000 after purchasing an additional 5,916 shares during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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Shares of KVH Industries, Inc. (NASDAQ KVHI) opened at 11.70 on Friday. The firm’s market capitalization is $199.93 million. KVH Industries, Inc. has a one year low of $7.50 and a one year high of $12.75. The firm has a 50-day moving average of $11.25 and a 200-day moving average of $9.55.

KVH Industries (NASDAQ:KVHI) last posted its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.20. KVH Industries had a positive return on equity of 1.85% and a negative net margin of 6.35%. The company had revenue of $40.50 million for the quarter, compared to analyst estimates of $40.55 million. During the same quarter last year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. On average, equities analysts predict that KVH Industries, Inc. will post $0.12 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. TheStreet raised shares of KVH Industries from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Zacks Investment Research raised shares of KVH Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th.

KVH Industries Profile

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

Institutional Ownership by Quarter for KVH Industries (NASDAQ:KVHI)

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