Acuitas Investments LLC Acquires New Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Acuitas Investments LLC purchased a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,073 shares of the communications equipment provider’s stock, valued at approximately $460,000. Acuitas Investments LLC owned about 0.12% of Aviat Networks at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Aviat Networks in the 3rd quarter valued at approximately $149,000. Tectonic Advisors LLC lifted its holdings in Aviat Networks by 6.5% during the 3rd quarter. Tectonic Advisors LLC now owns 34,176 shares of the communications equipment provider’s stock worth $1,066,000 after purchasing an additional 2,082 shares in the last quarter. Trellus Management Company LLC boosted its stake in Aviat Networks by 14.5% in the 3rd quarter. Trellus Management Company LLC now owns 31,500 shares of the communications equipment provider’s stock worth $983,000 after purchasing an additional 4,000 shares during the period. LSV Asset Management grew its holdings in Aviat Networks by 12.8% during the 3rd quarter. LSV Asset Management now owns 367,691 shares of the communications equipment provider’s stock valued at $11,472,000 after buying an additional 41,850 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Aviat Networks during the 3rd quarter valued at about $31,000. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

Shares of NASDAQ AVNW traded up $0.81 during trading hours on Friday, reaching $34.05. 18,374 shares of the stock traded hands, compared to its average volume of 105,470. The company has a market capitalization of $427.33 million, a P/E ratio of 26.17 and a beta of 1.73. The company’s 50-day simple moving average is $35.24 and its two-hundred day simple moving average is $32.14. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.19. Aviat Networks, Inc. has a 52-week low of $21.15 and a 52-week high of $38.85.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. The firm had revenue of $95.04 million for the quarter, compared to analysts’ expectations of $91.85 million. Equities research analysts forecast that Aviat Networks, Inc. will post 3.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on AVNW. B. Riley cut their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Monday, February 5th. Finally, StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.75.

About Aviat Networks

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.