Bridgeway Capital Management LLC Buys New Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Bridgeway Capital Management LLC bought a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 27,900 shares of the communications equipment provider’s stock, valued at approximately $505,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC boosted its stake in Aviat Networks by 8.0% during the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 794 shares during the period. Geode Capital Management LLC boosted its stake in Aviat Networks by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider’s stock valued at $4,929,000 after purchasing an additional 1,171 shares during the period. Northern Trust Corp boosted its stake in Aviat Networks by 1.3% during the 4th quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider’s stock valued at $1,831,000 after purchasing an additional 1,321 shares during the period. Barclays PLC boosted its stake in Aviat Networks by 9.8% during the 4th quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider’s stock valued at $316,000 after purchasing an additional 1,560 shares during the period. Finally, Invesco Ltd. boosted its stake in Aviat Networks by 9.0% during the 4th quarter. Invesco Ltd. now owns 19,591 shares of the communications equipment provider’s stock valued at $355,000 after purchasing an additional 1,620 shares during the period. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

Shares of AVNW stock opened at $20.63 on Monday. The stock has a 50 day moving average of $18.53 and a two-hundred day moving average of $18.59. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $31.98. The company has a market capitalization of $261.84 million, a P/E ratio of -103.14 and a beta of 1.67.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AVNW shares. Northland Securities restated an “outperform” rating and set a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

About Aviat Networks

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.