BTG Pactual Asset Management US LLC Makes New $5.11 Million Investment in Vistance Networks, Inc. $VISN

BTG Pactual Asset Management US LLC purchased a new stake in Vistance Networks, Inc. (NASDAQ:VISNFree Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 400,000 shares of the business services provider’s stock, valued at approximately $5,112,000.

Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of Vistance Networks in the 2nd quarter valued at about $2,374,000. State of Wyoming purchased a new stake in shares of Vistance Networks during the second quarter worth approximately $212,000. Bank of New York Mellon Corp purchased a new stake in shares of Vistance Networks during the second quarter worth approximately $10,674,000. Persistent Asset Partners Ltd acquired a new stake in Vistance Networks in the second quarter valued at approximately $29,000. Finally, Deutsche Bank AG acquired a new stake in Vistance Networks in the second quarter valued at approximately $4,662,000. Institutional investors and hedge funds own 88.04% of the company’s stock.

Vistance Networks Price Performance

Shares of VISN opened at $6.06 on Monday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 0.20 and a beta of 2.36. Vistance Networks, Inc. has a 52-week low of $6.00 and a 52-week high of $20.55. The stock has a 50 day moving average price of $11.80 and a 200 day moving average price of $14.42.

Vistance Networks Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were issued a $5.00 dividend. The ex-dividend date was Friday, August 28th.

Insider Activity at Vistance Networks

In related news, CAO Charles A. Gilstrap bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $10.75 per share, with a total value of $107,500.00. Following the transaction, the chief accounting officer directly owned 302,417 shares of the company’s stock, valued at approximately $3,250,982.75. This represents a 3.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research cut shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Wall Street Zen raised shares of Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Vistance Networks presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Check Out Our Latest Report on Vistance Networks

Vistance Networks Profile

(Free Report)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

See Also

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Institutional Ownership by Quarter for Vistance Networks (NASDAQ:VISN)

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