Aviat Networks, Inc. (NASDAQ:AVNW) Position Lifted by Acuitas Investments LLC

Acuitas Investments LLC lifted its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 125.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,677 shares of the communications equipment provider's stock after buying an additional 17,604 shares during the quarter. Acuitas Investments LLC owned 0.25% of Aviat Networks worth $607,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVNW. AlphaQuest LLC purchased a new stake in shares of Aviat Networks during the fourth quarter valued at approximately $133,000. Truvestments Capital LLC grew its holdings in Aviat Networks by 8.0% during the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after purchasing an additional 794 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Aviat Networks by 69.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,964 shares of the communications equipment provider's stock valued at $851,000 after purchasing an additional 19,306 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Aviat Networks during the 4th quarter worth $3,669,000. Finally, Quantbot Technologies LP purchased a new stake in Aviat Networks during the 4th quarter worth $156,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Stock Up 0.9%

NASDAQ:AVNW traded up $0.22 on Thursday, reaching $24.83. The stock had a trading volume of 47,772 shares, compared to its average volume of 152,830. The company has a 50-day moving average of $21.29 and a 200 day moving average of $19.94. The company has a current ratio of 1.62, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a market cap of $316.09 million, a P/E ratio of -124.15 and a beta of 1.58. Aviat Networks, Inc. has a 12-month low of $12.96 and a 12-month high of $31.74.

Insider Activity at Aviat Networks

In other Aviat Networks news, VP Erin Boase sold 4,767 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $23.07, for a total transaction of $109,974.69. Following the completion of the sale, the vice president owned 28,124 shares in the company, valued at $648,820.68. This trade represents a 14.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.10% of the company's stock.

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.