Fulcrum Asset Management LLP Acquires New Position in Via Transportation Inc. $VIA

Fulcrum Asset Management LLP purchased a new stake in shares of Via Transportation Inc. (NYSE:VIA) in the third quarter, Holdings Channel reports. The firm purchased 33,470 shares of the company’s stock, valued at approximately $979,000.

Several other institutional investors and hedge funds have also bought and sold shares of VIA. Calamos Advisors LLC purchased a new stake in shares of Via Transportation in the 3rd quarter worth about $266,000. Robeco Schweiz AG bought a new position in Via Transportation in the 3rd quarter worth about $7,674,000. Vontobel Holding Ltd. purchased a new stake in Via Transportation during the 3rd quarter valued at about $1,101,000. Arizona State Retirement System purchased a new stake in Via Transportation during the 2nd quarter valued at about $184,000. Finally, AXQ Capital LP bought a new stake in Via Transportation during the 2nd quarter valued at about $395,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Via Transportation from $32.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Via Transportation in a report on Tuesday. Weiss Ratings downgraded shares of Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 13th. Guggenheim raised their price target on shares of Via Transportation from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Via Transportation from $33.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Via Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $41.56.

Via Transportation Stock Performance

Shares of NYSE:VIA opened at $42.02 on Friday. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $50.88. The business has a 50-day simple moving average of $32.38 and a two-hundred day simple moving average of $21.79. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -36.86 and a beta of 0.90.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.04. The firm had revenue of $143.53 million for the quarter. Via Transportation had a negative net margin of 15.30% and a negative return on equity of 11.87%. As a group, research analysts predict that Via Transportation Inc. will post -0.81 earnings per share for the current year.

About Via Transportation

Via Transportation provides technology that helps public agencies, schools and other organizations plan and operate transportation services. Its platform supports tasks such as trip booking, route planning, vehicle dispatch, rider communications and service analysis. The company’s software is used for a range of services, including on-demand public transit, paratransit, school transportation and employee shuttles. Via also works with transportation providers to coordinate vehicles and connect riders with available services.