Infinera Co. (NASDAQ:INFN) Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Infinera Co. (NASDAQ:INFNFree Report) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,983 shares of the communications equipment provider’s stock after acquiring an additional 14,595 shares during the period. SG Americas Securities LLC’s holdings in Infinera were worth $637,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of Infinera by 2,104.8% during the third quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider’s stock valued at $19,676,000 after purchasing an additional 2,782,789 shares during the period. Alpine Associates Management Inc. bought a new position in Infinera in the 3rd quarter valued at about $13,761,000. Sand Grove Capital Management LLP acquired a new position in Infinera during the 3rd quarter valued at about $12,517,000. Dimensional Fund Advisors LP increased its stake in Infinera by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider’s stock valued at $16,802,000 after buying an additional 748,155 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Infinera by 332.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,520 shares of the communications equipment provider’s stock worth $2,364,000 after buying an additional 269,372 shares in the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

Infinera Stock Up 0.5 %

INFN stock opened at $6.64 on Friday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The firm has a market cap of $1.57 billion, a PE ratio of -13.83 and a beta of 1.64. Infinera Co. has a 12 month low of $4.41 and a 12 month high of $6.92. The firm has a 50 day simple moving average of $6.60 and a 200 day simple moving average of $6.46.

Infinera (NASDAQ:INFNGet Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $354.40 million for the quarter, compared to analyst estimates of $401.96 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. Equities research analysts forecast that Infinera Co. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INFN. Rosenblatt Securities reiterated a “neutral” rating and issued a $6.65 price objective on shares of Infinera in a report on Wednesday, November 6th. StockNews.com raised Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, B. Riley downgraded Infinera from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.09.

Read Our Latest Report on Infinera

About Infinera

(Free Report)

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.

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Institutional Ownership by Quarter for Infinera (NASDAQ:INFN)

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