Aristides Capital LLC Has $2.79 Million Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

Aristides Capital LLC increased its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 12.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 154,102 shares of the communications equipment provider’s stock after buying an additional 16,630 shares during the period. Aviat Networks makes up 0.6% of Aristides Capital LLC’s holdings, making the stock its 25th biggest holding. Aristides Capital LLC’s holdings in Aviat Networks were worth $2,791,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AVNW. Barclays PLC lifted its position in shares of Aviat Networks by 298.0% during the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock worth $344,000 after purchasing an additional 11,926 shares in the last quarter. State Street Corp lifted its holdings in Aviat Networks by 1.6% during the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after buying an additional 3,855 shares in the last quarter. GAMMA Investing LLC bought a new position in Aviat Networks in the 4th quarter valued at $34,000. Jane Street Group LLC increased its stake in shares of Aviat Networks by 59.1% in the 3rd quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock valued at $535,000 after buying an additional 9,186 shares during the period. Finally, Hodges Capital Management Inc. raised its position in shares of Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock worth $10,190,000 after acquiring an additional 97,227 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aviat Networks Stock Down 4.4 %

Shares of Aviat Networks stock opened at $16.87 on Friday. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $35.56. The business has a fifty day simple moving average of $20.46 and a 200 day simple moving average of $19.37. 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 stock has a market cap of $213.98 million, a PE ratio of -84.35 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating 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%. Research analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current 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.