Fifth Third Bancorp Has $2.04 Million Stock Holdings in Voyager Technologies, Inc. $VOYG

Fifth Third Bancorp grew its stake in Voyager Technologies, Inc. (NYSE:VOYG) by 213.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 87,375 shares of the company’s stock after buying an additional 59,464 shares during the quarter. Fifth Third Bancorp’s holdings in Voyager Technologies were worth $2,044,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in shares of Voyager Technologies during the 2nd quarter valued at about $40,000. Federation des caisses Desjardins du Quebec bought a new stake in Voyager Technologies during the fourth quarter worth approximately $26,000. Osaic Holdings Inc. acquired a new position in Voyager Technologies during the second quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd acquired a new position in Voyager Technologies during the fourth quarter valued at approximately $28,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Voyager Technologies in the third quarter valued at approximately $34,000.

Voyager Technologies Stock Down 1.7%

VOYG opened at $26.48 on Thursday. Voyager Technologies, Inc. has a 1-year low of $17.41 and a 1-year high of $52.40. The business has a 50 day moving average of $36.98 and a 200-day moving average of $31.66. The stock has a market capitalization of $1.42 billion and a price-to-earnings ratio of -9.52. The company has a current ratio of 4.57, a quick ratio of 4.52 and a debt-to-equity ratio of 1.11.

Voyager Technologies (NYSE:VOYG) last released its earnings results on Monday, May 4th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.14. Voyager Technologies had a negative net margin of 72.90% and a negative return on equity of 18.42%. The firm had revenue of $35.25 million during the quarter. The company’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Voyager Technologies, Inc. will post -3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VOYG has been the subject of several recent analyst reports. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th. Wells Fargo & Company initiated coverage on shares of Voyager Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $21.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Voyager Technologies from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Finally, Jefferies Financial Group lifted their price objective on Voyager Technologies from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.64.

Voyager Technologies Company Profile

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.