ADTRAN Holdings, Inc. (NASDAQ:ADTN) is Divisar Capital Management LLC's Largest Position

Divisar Capital Management LLC reduced its stake in ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,806,383 shares of the communications equipment provider's stock after selling 1,276,858 shares during the quarter. ADTRAN makes up 8.7% of Divisar Capital Management LLC's investment portfolio, making the stock its largest holding. Divisar Capital Management LLC owned approximately 6.06% of ADTRAN worth $40,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADTN. Aquatic Capital Management LLC increased its stake in shares of ADTRAN by 1,572.5% in the 4th quarter. Aquatic Capital Management LLC now owns 6,690 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 6,290 shares during the period. SIH Partners LLLP acquired a new stake in shares of ADTRAN in the 4th quarter valued at about $107,000. Hsbc Holdings PLC lifted its position in ADTRAN by 11.4% during the 4th quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after buying an additional 1,501 shares in the last quarter. Quantbot Technologies LP increased its holdings in ADTRAN by 104.5% during the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock worth $124,000 after buying an additional 7,636 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of ADTRAN during the 4th quarter worth approximately $140,000. Institutional investors and hedge funds own 80.56% of the company's stock.

ADTRAN Price Performance

Shares of ADTRAN stock opened at $7.66 on Thursday. ADTRAN Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $12.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.10. The company has a fifty day moving average of $8.64 and a 200-day moving average of $8.73. The stock has a market capitalization of $612.51 million, a price-to-earnings ratio of -1.18 and a beta of 1.46.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Rosenblatt Securities cut their price objective on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC lifted their price objective on ADTRAN from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Craig Hallum assumed coverage on ADTRAN in a report on Wednesday, January 8th. They set a "buy" rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ADTRAN presently has a consensus rating of "Buy" and an average target price of $12.50.

ADTRAN Profile

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.

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