Bastion Asset Management Inc. Makes New Investment in Aviat Networks, Inc. (NASDAQ:AVNW)

Bastion Asset Management Inc. acquired a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 176,483 shares of the communications equipment provider's stock, valued at approximately $3,077,000. Aviat Networks accounts for 2.0% of Bastion Asset Management Inc.'s investment portfolio, making the stock its 21st largest holding. Bastion Asset Management Inc. owned approximately 1.39% of Aviat Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in AVNW. GAMMA Investing LLC bought a new stake in Aviat Networks in the 4th quarter valued at about $34,000. Aquatic Capital Management LLC bought a new stake in shares of Aviat Networks during the fourth quarter valued at approximately $106,000. AlphaQuest LLC acquired a new position in shares of Aviat Networks during the fourth quarter worth approximately $133,000. Quantbot Technologies LP bought a new position in shares of Aviat Networks in the 4th quarter worth $156,000. Finally, Truvestments Capital LLC grew its position in Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after purchasing an additional 794 shares during the period. Institutional investors own 78.62% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AVNW shares. Northland Securities restated an "outperform" rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aviat Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.60.

Aviat Networks Stock Up 4.6 %

NASDAQ AVNW traded up $0.91 on Wednesday, reaching $20.58. The company had a trading volume of 303,307 shares, compared to its average volume of 148,585. 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 capitalization of $261.04 million, a P/E ratio of -102.89 and a beta of 1.67. The company's fifty day moving average is $18.51 and its 200 day moving average is $18.64. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $31.98.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts anticipate that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

About Aviat Networks

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.