Quantbot Technologies LP Takes $156,000 Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Quantbot Technologies LP acquired a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,619 shares of the communications equipment provider’s stock, valued at approximately $156,000. Quantbot Technologies LP owned 0.07% of Aviat Networks as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AVNW. GAMMA Investing LLC bought a new stake in shares of Aviat Networks during the fourth quarter valued at about $34,000. AlphaQuest LLC bought a new stake in Aviat Networks during the 4th quarter worth approximately $133,000. Truvestments Capital LLC lifted its stake in Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock worth $194,000 after purchasing an additional 794 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Aviat Networks in the 3rd quarter valued at $263,000. Finally, BNP Paribas Financial Markets boosted its holdings in Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after purchasing an additional 12,306 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Wall Street Analysts Forecast Growth

AVNW has been the topic of a number of recent analyst reports. Northland Securities reiterated an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.60.

Aviat Networks Stock Down 2.6 %

AVNW opened at $18.88 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $20.56 and its 200 day simple moving average is $19.47. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $38.85. The stock has a market cap of $239.47 million, a PE ratio of -94.40 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

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.