Caxton Associates LP Takes Position in ADTRAN Holdings, Inc. (NASDAQ:ADTN)

Caxton Associates LP bought a new stake in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,213 shares of the communications equipment provider's stock, valued at approximately $418,000. Caxton Associates LP owned approximately 0.06% of ADTRAN as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Aquatic Capital Management LLC lifted its stake in 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 worth $56,000 after purchasing an additional 6,290 shares in the last quarter. SIH Partners LLLP purchased a new stake in ADTRAN in the 4th quarter worth $107,000. Hsbc Holdings PLC lifted its stake in ADTRAN by 11.4% in the 4th quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after purchasing an additional 1,501 shares in the last quarter. Quantbot Technologies LP lifted its stake in ADTRAN by 104.5% in the 4th quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock worth $124,000 after purchasing an additional 7,636 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in ADTRAN in the 4th quarter worth $140,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on ADTN shares. Rosenblatt Securities decreased their price target on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC dropped their target price on ADTRAN from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, ADTRAN has a consensus rating of "Moderate Buy" and an average price target of $12.00.

ADTRAN Stock Up 1.8%

NASDAQ:ADTN traded up $0.15 during midday trading on Tuesday, reaching $8.46. 212,127 shares of the stock traded hands, compared to its average volume of 936,930. The business has a 50-day moving average of $8.21 and a two-hundred day moving average of $8.86. The stock has a market capitalization of $676.48 million, a PE ratio of -1.30 and a beta of 1.33. ADTRAN Holdings, Inc. has a 12-month low of $4.62 and a 12-month 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.

ADTRAN (NASDAQ:ADTN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. ADTRAN had a negative net margin of 56.95% and a negative return on equity of 38.62%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 earnings per share. On average, equities analysts forecast that ADTRAN Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

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.