SG Americas Securities LLC Boosts Holdings in Infinera Co. (NASDAQ:INFN)

SG Americas Securities LLC lifted its position in shares of Infinera Co. (NASDAQ:INFN) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,983 shares of the communications equipment provider’s stock after purchasing 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 and hedge funds have also made changes to their positions in the company. Citigroup Inc. lifted its holdings in Infinera by 2,104.8% in the 3rd quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider’s stock worth $19,676,000 after buying an additional 2,782,789 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Infinera during the third quarter worth about $13,761,000. Sand Grove Capital Management LLP acquired a new position in shares of Infinera in the third quarter worth about $12,517,000. Dimensional Fund Advisors LP boosted its holdings in Infinera by 37.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider’s stock valued at $16,802,000 after purchasing an additional 748,155 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Infinera by 332.0% in the third quarter. Janus Henderson Group PLC now owns 350,520 shares of the communications equipment provider’s stock valued at $2,364,000 after purchasing an additional 269,372 shares during the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Stock Performance

Infinera stock opened at $6.64 on Friday. The company 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 company has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $6.46. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97.

Infinera (NASDAQ:INFN) last posted its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $354.40 million during 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%. Research analysts expect that Infinera Co. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INFN shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $6.65 target price on shares of Infinera in a research report on Wednesday, November 6th. B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.09.

Infinera Profile

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.