Ancora Advisors LLC Acquires 13,562 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Ancora Advisors LLC lifted its holdings in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,827 shares of the communications equipment provider's stock after buying an additional 13,562 shares during the period. Ancora Advisors LLC owned about 0.65% of Aviat Networks worth $1,482,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Northland Securities reissued an "outperform" rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com raised shares of Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.60.

Aviat Networks Trading Down 1.3 %

Shares of NASDAQ AVNW traded down $0.27 during mid-day trading on Friday, reaching $20.63. The company had a trading volume of 92,867 shares, compared to its average volume of 149,260. The stock has a market cap of $261.84 million, a price-to-earnings ratio of -103.14 and a beta of 1.67. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $31.98. The business's 50-day moving average is $18.53 and its 200-day moving average is $18.60. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. Equities analysts expect that Aviat Networks, Inc. will post 0.5 earnings per share 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.