Boothbay Fund Management LLC Trims Stock Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Boothbay Fund Management LLC trimmed its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,876 shares of the communications equipment provider's stock after selling 19,143 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.43% of Aviat Networks worth $994,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Aviat Networks by 298.0% in the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider's stock valued at $344,000 after acquiring an additional 11,926 shares during the period. GAMMA Investing LLC bought a new position in Aviat Networks in the fourth quarter worth about $34,000. Jane Street Group LLC lifted its position in shares of Aviat Networks by 59.1% during the third quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider's stock valued at $535,000 after buying an additional 9,186 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Aviat Networks by 20.9% in the 4th quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider's stock valued at $10,190,000 after buying an additional 97,227 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Aviat Networks by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 173,940 shares of the communications equipment provider's stock worth $3,150,000 after buying an additional 3,288 shares during the last quarter. Institutional investors own 78.62% of the company's stock.

Aviat Networks Stock Performance

Aviat Networks stock traded up $0.10 during mid-day trading on Friday, reaching $18.51. 79,873 shares of the company traded hands, compared to its average volume of 148,195. Aviat Networks, Inc. has a fifty-two week low of $12.96 and a fifty-two week high of $32.13. The firm's fifty day moving average is $18.59 and its two-hundred day moving average is $18.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. The company has a market capitalization of $234.78 million, a price-to-earnings ratio of -92.55 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Northland Securities reissued an "outperform" rating and set a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.60.

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.