Susquehanna Advisors Group Inc. Takes Position in Infinera Co. (NASDAQ:INFN)

Susquehanna Advisors Group Inc. bought a new position in shares of Infinera Co. (NASDAQ:INFN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 99,899 shares of the communications equipment provider’s stock, valued at approximately $656,000.

A number of other hedge funds have also added to or reduced their stakes in INFN. MetLife Investment Management LLC increased its stake in shares of Infinera by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 118,124 shares of the communications equipment provider’s stock valued at $776,000 after acquiring an additional 6,383 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Infinera by 4.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 1,781,476 shares of the communications equipment provider’s stock valued at $12,133,000 after purchasing an additional 73,049 shares during the period. Guggenheim Capital LLC boosted its position in shares of Infinera by 38.6% during the 4th quarter. Guggenheim Capital LLC now owns 104,856 shares of the communications equipment provider’s stock worth $689,000 after purchasing an additional 29,197 shares in the last quarter. Mariner LLC increased its position in Infinera by 23.2% in the 4th quarter. Mariner LLC now owns 23,450 shares of the communications equipment provider’s stock valued at $154,000 after buying an additional 4,422 shares in the last quarter. Finally, Optimize Financial Inc bought a new position in Infinera in the fourth quarter worth approximately $1,813,000. 97.54% of the stock is currently owned by institutional investors.

Infinera Stock Performance

Shares of INFN stock opened at $6.64 on Tuesday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The firm has a 50-day moving average of $6.64 and a 200-day moving average of $6.64. Infinera Co. has a one year low of $4.64 and a one year high of $6.92. The company has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.15). The firm had revenue of $414.39 million for the quarter, compared to the consensus estimate of $409.08 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. Equities research analysts forecast that Infinera Co. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Infinera in a research report on Monday. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Infinera currently has an average rating of “Hold” and an average price target 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.