Systematic Financial Management LP Has $14.94 Million Position in KVH Industries, Inc. (KVHI)

Systematic Financial Management LP lowered its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,443,468 shares of the communications equipment provider’s stock after selling 19,575 shares during the period. Systematic Financial Management LP owned 0.08% of KVH Industries worth $14,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in KVH Industries by 73.1% in the third quarter. Wells Fargo & Company MN now owns 17,972 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 7,588 shares during the period. SPC Financial Inc. bought a new stake in KVH Industries during the third quarter worth about $223,000. Parametric Portfolio Associates LLC grew its stake in KVH Industries by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 20,669 shares of the communications equipment provider’s stock worth $196,000 after buying an additional 165 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in KVH Industries by 1.9% during the second quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 400 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in KVH Industries by 14.0% during the second quarter. Teachers Advisors LLC now owns 26,203 shares of the communications equipment provider’s stock worth $249,000 after buying an additional 3,227 shares during the last quarter. 55.21% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of KVH Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine cut shares of KVH Industries from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of KVH Industries in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.33.

Shares of KVH Industries, Inc. (NASDAQ KVHI) opened at $10.05 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.30 and a quick ratio of 1.80. KVH Industries, Inc. has a 52 week low of $7.65 and a 52 week high of $12.65.

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KVH Industries Company 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.

Want to see what other hedge funds are holding KVHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KVH Industries, Inc. (NASDAQ:KVHI).

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

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