Infinera Co. (NASDAQ:INFN) Shares Bought by Yakira Capital Management Inc.

Yakira Capital Management Inc. lifted its position in shares of Infinera Co. (NASDAQ:INFN) by 115.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 127,785 shares of the communications equipment provider’s stock after acquiring an additional 68,385 shares during the period. Yakira Capital Management Inc.’s holdings in Infinera were worth $840,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of INFN. Vestcor Inc bought a new position in Infinera in the 4th quarter worth about $34,000. Quantbot Technologies LP acquired a new stake in shares of Infinera in the 3rd quarter worth approximately $40,000. LPL Financial LLC bought a new position in shares of Infinera in the fourth quarter valued at approximately $70,000. Wealthfront Advisers LLC acquired a new position in shares of Infinera during the fourth quarter valued at approximately $76,000. Finally, Cibc World Markets Corp bought a new stake in Infinera during the fourth quarter worth approximately $124,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

Infinera Price Performance

INFN stock opened at $6.64 on Friday. Infinera Co. has a one year low of $4.49 and a one year high of $6.92. The firm has a 50-day moving average of $6.64 and a two-hundred day moving average of $6.65. The firm has a market capitalization of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98.

Infinera (NASDAQ:INFN) last issued its quarterly 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). Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. The firm had revenue of $414.39 million during the quarter, compared to analysts’ expectations of $409.08 million. On average, analysts forecast that Infinera Co. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Infinera in a research note on Saturday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.09.

Infinera Company 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.