Tieton Capital Management LLC Buys Shares of 676,440 Aviat Networks, Inc. $AVNW

Tieton Capital Management LLC purchased a new stake in Aviat Networks, Inc. (NASDAQ:AVNW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 676,440 shares of the communications equipment provider’s stock, valued at approximately $15,017,000. Aviat Networks accounts for approximately 4.3% of Tieton Capital Management LLC’s portfolio, making the stock its 6th biggest position. Tieton Capital Management LLC owned approximately 5.23% of Aviat Networks as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Aviat Networks by 1.2% during the third quarter. Vanguard Group Inc. now owns 700,233 shares of the communications equipment provider’s stock worth $16,056,000 after acquiring an additional 8,179 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Aviat Networks by 8.5% during the fourth quarter. Royce & Associates LP now owns 648,235 shares of the communications equipment provider’s stock valued at $13,859,000 after buying an additional 51,000 shares during the last quarter. First Wilshire Securities Management Inc. increased its position in shares of Aviat Networks by 1.0% during the first quarter. First Wilshire Securities Management Inc. now owns 529,533 shares of the communications equipment provider’s stock worth $11,973,000 after acquiring an additional 5,302 shares in the last quarter. Western Standard LLC increased its position in shares of Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after acquiring an additional 226,332 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of Aviat Networks by 5.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 445,947 shares of the communications equipment provider’s stock worth $10,226,000 after acquiring an additional 24,284 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Stock Down 3.3%

AVNW opened at $20.69 on Thursday. Aviat Networks, Inc. has a 12 month low of $13.92 and a 12 month high of $27.02. The company has a market cap of $267.73 million, a PE ratio of 29.99 and a beta of 0.70. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $20.84 and a 200 day moving average of $21.50.

Analyst Ratings Changes

Several brokerages recently issued reports on AVNW. Rafferty Capital Markets began coverage on Aviat Networks in a report on Tuesday, June 30th. They set a “buy” rating and a $36.00 price target for the company. Zacks Research raised shares of Aviat Networks from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Aviat Networks in a research note on Monday, August 3rd. Lake Street Capital set a $31.00 target price on shares of Aviat Networks and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Citizens Jmp dropped their price target on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.14.

About Aviat Networks

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.