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

BTG Pactual Asset Management US LLC bought a new stake in Vistance Networks, Inc. (NASDAQ:VISN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 400,000 shares of the business services provider’s stock, valued at approximately $5,112,000. BTG Pactual Asset Management US LLC owned approximately 0.17% of Vistance Networks as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VISN. BlackRock Inc. purchased a new stake in shares of Vistance Networks in the second quarter valued at about $319,679,000. Bank of America Corp DE acquired a new position in Vistance Networks in the 2nd quarter valued at about $73,146,000. Hennessy Advisors Inc. purchased a new stake in shares of Vistance Networks in the 2nd quarter valued at approximately $28,614,000. Bank of New York Mellon Corp acquired a new stake in shares of Vistance Networks during the 2nd quarter worth approximately $10,674,000. Finally, Empowered Funds LLC purchased a new stake in shares of Vistance Networks during the 2nd quarter valued at approximately $10,393,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Insider Buying and Selling at Vistance Networks

In other Vistance Networks news, CAO Charles A. Gilstrap bought 10,000 shares of the business’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 purchase, the chief accounting officer directly owned 302,417 shares in the company, valued at approximately $3,250,982.75. This represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

Vistance Networks Price Performance

Shares of Vistance Networks stock opened at $6.06 on Monday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 0.20 and a beta of 2.36. The business has a 50-day moving average of $11.80 and a 200 day moving average of $14.42. Vistance Networks, Inc. has a 12 month low of $6.00 and a 12 month high of $20.55.

Vistance Networks Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on VISN. Zacks Research cut Vistance Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.33.

Vistance Networks Profile

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.