Investment Management Of Virginia Lowers stake in KVH Industries (KVHI)

KVH Industries (KVHI) : Investment Management Of Virginia reduced its stake in KVH Industries by 1.66% during the most recent quarter end. The investment management company now holds a total of 734,060 shares of KVH Industries which is valued at $6,290,894 after selling 12,414 shares in KVH Industries , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.KVH Industries makes up approximately 1.59% of Investment Management Of Virginia’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in KVHI in the latest quarter, The investment management firm added 158 additional shares and now holds a total of 1,558 shares of KVH Industries which is valued at $13,866.Genesee Valley Trust Co reduced its stake in KVHI by selling 333 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 13,985 shares of KVHI which is valued at $124,467. KVH Industries makes up approx 0.08% of Genesee Valley Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in KVHI in the latest quarter, The investment management firm added 429 additional shares and now holds a total of 1,026 shares of KVH Industries which is valued at $9,285.

KVH Industries closed down -0.16 points or -1.77% at $8.9 with 37,859 shares getting traded on Tuesday. Post opening the session at $9, the shares hit an intraday low of $8.87 and an intraday high of $9.064 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KVH Industries reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.06. The company had revenue of $46.00 million for the quarter, compared to analysts expectations of $44.52 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

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. The Company develops and distributes training films and e-Learning computer-based training courses to commercial maritime customers. It is also a manufacturer of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The Company designs develops manufactures and markets mobile communications products and services for the marine and land mobile markets and navigation guidance and stabilization products for both the defense and commercial markets.

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