AlphaQuest LLC Makes New Investment in Aviat Networks, Inc. (NASDAQ:AVNW)

AlphaQuest LLC acquired a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,359 shares of the communications equipment provider’s stock, valued at approximately $133,000. AlphaQuest LLC owned 0.06% of Aviat Networks at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVNW. GSA Capital Partners LLP boosted its position in Aviat Networks by 183.9% during the third quarter. GSA Capital Partners LLP now owns 19,826 shares of the communications equipment provider’s stock worth $429,000 after purchasing an additional 12,843 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Aviat Networks during the third quarter worth $598,000. Tieton Capital Management LLC bought a new position in Aviat Networks during the third quarter worth $1,281,000. Dynamic Technology Lab Private Ltd bought a new position in Aviat Networks during the third quarter worth $263,000. Finally, BNP Paribas Financial Markets boosted its position in Aviat Networks by 635.0% during the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock worth $308,000 after purchasing an additional 12,306 shares during the period. 78.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Northland Securities reissued an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

Aviat Networks Stock Down 0.1 %

AVNW stock opened at $19.06 on Tuesday. The company has a market cap of $241.76 million, a PE ratio of -95.30 and a beta of 1.67. The business has a 50-day simple moving average of $20.42 and a 200 day simple moving average of $19.86. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $38.85. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Sell-side analysts anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

Aviat Networks Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.