Bank of America Corp DE Increases Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Bank of America Corp DE raised its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 125.4% during the 4th quarter, HoldingsChannel reports. The fund owned 35,072 shares of the communications equipment provider’s stock after acquiring an additional 19,511 shares during the quarter. Bank of America Corp DE’s holdings in Aviat Networks were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AVNW. Aquatic Capital Management LLC purchased a new stake in Aviat Networks during the 4th quarter valued at approximately $106,000. AlphaQuest LLC bought a new position in shares of Aviat Networks in the fourth quarter worth about $133,000. Quantbot Technologies LP purchased a new position in shares of Aviat Networks during the fourth quarter valued at $156,000. Truvestments Capital LLC lifted its stake in shares of Aviat Networks by 8.0% during the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock worth $194,000 after purchasing an additional 794 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Aviat Networks during the 4th quarter worth approximately $248,000. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Performance

AVNW opened at $22.87 on Tuesday. The company has a market cap of $290.27 million, a P/E ratio of -114.34 and a beta of 1.58. 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, Inc. has a 52-week low of $12.96 and a 52-week high of $31.74. The firm’s 50-day moving average price is $19.21 and its 200-day moving average price is $19.23.

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.