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

Boothbay Fund Management LLC decreased its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 25.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,876 shares of the communications equipment provider's stock after selling 19,143 shares during the period. Boothbay Fund Management LLC owned about 0.43% of Aviat Networks worth $994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVNW. Tieton Capital Management LLC boosted its position in Aviat Networks by 998.2% during the 4th quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider's stock valued at $11,776,000 after acquiring an additional 591,055 shares in the last quarter. First Wilshire Securities Management Inc. bought a new stake in shares of Aviat Networks during the fourth quarter valued at approximately $7,483,000. Kennedy Capital Management LLC bought a new position in Aviat Networks in the fourth quarter worth $6,551,000. First Eagle Investment Management LLC bought a new position in Aviat Networks in the fourth quarter worth $3,669,000. Finally, Marshall Wace LLP boosted its holdings in shares of Aviat Networks by 475.9% during the 4th quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider's stock valued at $4,166,000 after buying an additional 190,074 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

Aviat Networks Stock Up 3.2 %

Shares of AVNW traded up $0.59 on Monday, hitting $19.10. 37,688 shares of the stock traded hands, compared to its average volume of 147,470. The company has a market capitalization of $242.20 million, a PE ratio of -95.47 and a beta of 1.67. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $32.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The business has a 50 day simple moving average of $18.59 and a 200 day simple moving average of $18.65.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) 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%. As a group, equities analysts forecast that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on AVNW shares. Northland Securities reissued an "outperform" rating and set a $30.00 price target (up 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 research note on Wednesday, February 5th. One 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, the stock has a consensus rating of "Moderate Buy" and a consensus 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.