Bridgeway Capital Management LLC Makes New $505,000 Investment in Aviat Networks, Inc. (NASDAQ:AVNW)

Bridgeway Capital Management LLC bought a new position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,900 shares of the communications equipment provider's stock, valued at approximately $505,000. Bridgeway Capital Management LLC owned 0.22% of Aviat Networks at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AVNW. Tieton Capital Management LLC grew its position in shares of 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 during the period. First Wilshire Securities Management Inc. bought a new stake in shares of Aviat Networks during the 4th quarter valued at $7,483,000. Kennedy Capital Management LLC bought a new stake in shares of Aviat Networks during the 4th quarter valued at $6,551,000. First Eagle Investment Management LLC bought a new stake in shares of Aviat Networks during the 4th quarter valued at $3,669,000. Finally, Marshall Wace LLP grew its position 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 acquiring an additional 190,074 shares during the period. Institutional investors own 78.62% of the company's stock.

Aviat Networks Stock Performance

AVNW stock traded down $0.08 during midday trading on Friday, hitting $20.68. 59,464 shares of the stock traded hands, compared to its average volume of 149,919. The firm has a market cap of $262.47 million, a P/E ratio of -103.39 and a beta of 1.67. 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 stock's fifty day simple moving average is $18.60 and its 200-day simple moving average is $18.60. Aviat Networks, Inc. has a 1-year low of $12.96 and a 1-year high of $31.74.

Wall Street Analyst Weigh In

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

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.