Quantbot Technologies LP Makes New $156,000 Investment in Aviat Networks, Inc. (NASDAQ:AVNW)

Quantbot Technologies LP acquired a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,619 shares of the communications equipment provider’s stock, valued at approximately $156,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hodges Capital Management Inc. boosted its position in Aviat Networks by 20.9% during the 4th quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock valued at $10,190,000 after buying an additional 97,227 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Aviat Networks by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock valued at $7,875,000 after acquiring an additional 11,094 shares during the last quarter. State Street Corp boosted its holdings in shares of Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after purchasing an additional 3,855 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Aviat Networks in the fourth quarter worth about $3,669,000. Finally, Franklin Resources Inc. increased its holdings in Aviat Networks by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider’s stock valued at $3,853,000 after purchasing an additional 22,665 shares during the period. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Down 2.6 %

AVNW stock opened at $18.88 on Monday. The company has a market capitalization of $239.47 million, a price-to-earnings ratio of -94.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The business’s 50 day moving average price is $20.56 and its two-hundred day moving average price is $19.47. Aviat Networks, Inc. has a fifty-two week low of $12.96 and a fifty-two week high of $38.85.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. As a group, analysts forecast that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.