WINTON GROUP Ltd Takes Position in Ceragon Networks Ltd. (NASDAQ:CRNT)

WINTON GROUP Ltd purchased a new stake in shares of Ceragon Networks Ltd. (NASDAQ:CRNT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 117,052 shares of the communications equipment provider’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of Ceragon Networks during the 4th quarter worth approximately $58,000. Bravias Capital Group LLC bought a new stake in Ceragon Networks during the fourth quarter worth $71,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Ceragon Networks in the fourth quarter worth $81,000. Perigon Wealth Management LLC purchased a new stake in shares of Ceragon Networks during the 4th quarter valued at $90,000. Finally, LPL Financial LLC purchased a new stake in shares of Ceragon Networks during the 4th quarter valued at $109,000. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

Ceragon Networks Stock Down 1.2 %

CRNT stock opened at $2.39 on Monday. The stock has a 50-day simple moving average of $3.45 and a two-hundred day simple moving average of $3.48. Ceragon Networks Ltd. has a twelve month low of $2.33 and a twelve month high of $5.73. The firm has a market capitalization of $212.33 million, a PE ratio of 8.85 and a beta of 1.62.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRNT. Craig Hallum began coverage on shares of Ceragon Networks in a report on Thursday, March 13th. They set a “buy” rating and a $5.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of Ceragon Networks in a research report on Wednesday, February 12th. Litchfield Hills Research started coverage on Ceragon Networks in a report on Tuesday, December 3rd. They issued a “buy” rating and a $10.00 price objective for the company. Finally, StockNews.com lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.38.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.