Los Angeles Capital Management LLC Sells 3,500 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Los Angeles Capital Management LLC lowered its position in Aviat Networks, Inc. (NASDAQ:AVNW) by 18.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,094 shares of the communications equipment provider’s stock after selling 3,500 shares during the period. Los Angeles Capital Management LLC owned 0.12% of Aviat Networks worth $273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP lifted 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 valued at $429,000 after buying an additional 12,843 shares during the period. Royce & Associates LP lifted its position in Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after acquiring an additional 54,339 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aviat Networks during the third quarter worth about $598,000. Tieton Capital Management LLC purchased a new stake in Aviat Networks in the third quarter worth about $1,281,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks during the third quarter valued at approximately $263,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Trading Up 1.5 %

Aviat Networks stock opened at $20.51 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. The stock has a market capitalization of $260.15 million, a PE ratio of -102.54 and a beta of 1.68. The business’s fifty day moving average is $20.15 and its 200 day moving average is $20.36. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $38.85.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. On average, sell-side analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVNW. Lake Street Capital dropped their price target on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Northland Securities reissued an “outperform” rating and issued a $30.00 target price (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Roth Mkm reduced their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aviat Networks presently has an average rating of “Moderate Buy” and an average price target of $37.60.

Aviat Networks Company 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.