Manatuck Hill Partners LLC decreased its position in Aviat Networks, Inc. (NASDAQ:AVNW – Free Report) by 54.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,800 shares of the communications equipment provider’s stock after selling 49,500 shares during the quarter. Manatuck Hill Partners LLC’s holdings in Aviat Networks were worth $872,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC raised its holdings in Aviat Networks by 34.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 311,254 shares of the communications equipment provider’s stock worth $7,137,000 after purchasing an additional 79,774 shares in the last quarter. Weber Capital Management LLC ADV bought a new position in Aviat Networks in the fourth quarter worth $3,099,000. Western Standard LLC raised its holdings in Aviat Networks by 84.5% in the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after purchasing an additional 226,332 shares in the last quarter. White Pine Capital LLC raised its holdings in Aviat Networks by 95.4% in the third quarter. White Pine Capital LLC now owns 54,926 shares of the communications equipment provider’s stock worth $1,259,000 after purchasing an additional 26,813 shares in the last quarter. Finally, Acuitas Investments LLC raised its holdings in Aviat Networks by 100.1% in the third quarter. Acuitas Investments LLC now owns 63,377 shares of the communications equipment provider’s stock worth $1,453,000 after purchasing an additional 31,700 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.
Analyst Ratings Changes
A number of research firms have issued reports on AVNW. Weiss Ratings downgraded Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research downgraded Aviat Networks from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Northland Securities upgraded Aviat Networks from a “market perform” rating to an “outperform” rating and raised their price target for the company from $20.00 to $25.00 in a report on Monday. Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Citigroup upgraded Aviat Networks to an “outperform” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Aviat Networks presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.
Aviat Networks Price Performance
Shares of NASDAQ:AVNW opened at $19.96 on Thursday. Aviat Networks, Inc. has a 1-year low of $13.92 and a 1-year high of $27.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.99 and a quick ratio of 1.67. The business has a fifty day moving average price of $19.20 and a 200-day moving average price of $21.66. The company has a market capitalization of $258.28 million, a PE ratio of 28.93 and a beta of 0.74.
Aviat Networks (NASDAQ:AVNW – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $106.39 million. As a group, equities analysts expect that Aviat Networks, Inc. will post 1.14 EPS for the current fiscal year.
Aviat Networks Profile
Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.
Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.
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