Bastion Asset Management Inc. Makes New $3.08 Million Investment in Aviat Networks, Inc. (NASDAQ:AVNW)

Bastion Asset Management Inc. bought 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 disclosure with the Securities and Exchange Commission. The firm bought 176,483 shares of the communications equipment provider's stock, valued at approximately $3,077,000. Aviat Networks makes up about 2.0% of Bastion Asset Management Inc.'s portfolio, making the stock its 21st biggest position. Bastion Asset Management Inc. owned approximately 1.39% of Aviat Networks at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AVNW. GAMMA Investing LLC acquired a new stake in shares of Aviat Networks in the 4th quarter worth $34,000. Aquatic Capital Management LLC purchased a new stake in Aviat Networks in the fourth quarter valued at about $106,000. AlphaQuest LLC acquired a new stake in Aviat Networks in the fourth quarter worth about $133,000. Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the fourth quarter worth about $156,000. Finally, Truvestments Capital LLC increased its holdings in shares of Aviat Networks by 8.0% during the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after acquiring an additional 794 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVNW has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Northland Securities reissued an "outperform" rating and set a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Aviat Networks has a consensus rating of "Moderate Buy" and a consensus target price of $37.60.

Aviat Networks Stock Performance

Shares of AVNW stock traded down $0.09 during trading hours on Friday, hitting $20.81. The company's stock had a trading volume of 55,859 shares, compared to its average volume of 148,432. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $18.52 and a 200 day moving average of $18.63. Aviat Networks, Inc. has a 12-month low of $12.96 and a 12-month high of $31.98. The stock has a market cap of $263.95 million, a PE ratio of -104.04 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share 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%. On average, sell-side analysts forecast that Aviat Networks, Inc. will post 0.5 EPS 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.