Ancora Advisors LLC Boosts Stock Position in Aviat Networks, Inc. $AVNW

Key Points

• Ancora Advisors LLC increased its holdings in Aviat Networks, Inc. by 18.5%, acquiring an additional 15,178 shares to own a total of 97,005 shares, valued at $1,860,000.
• Other institutional investors have also increased their stakes in Aviat Networks, with GAMMA Investing LLC growing its position by 36.9% and Comerica Bank by 40.2%.
• Insider selling activity has been observed, with SVP Gary Croke and VP Erin Boase selling shares, resulting in a decrease in their ownership by 12.99% and 20.18%, respectively.

Ancora Advisors LLC grew its stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 18.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,005 shares of the communications equipment provider's stock after purchasing an additional 15,178 shares during the period. Ancora Advisors LLC owned approximately 0.76% of Aviat Networks worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Aviat Networks by 9.8% during the fourth quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider's stock worth $316,000 after buying an additional 1,560 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Aviat Networks by 22.6% during the 4th quarter. Voya Investment Management LLC now owns 18,817 shares of the communications equipment provider's stock worth $341,000 after acquiring an additional 3,473 shares during the period. Northern Trust Corp boosted its position in shares of Aviat Networks by 1.3% during the 4th quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock valued at $1,831,000 after acquiring an additional 1,321 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Aviat Networks by 125.4% in the fourth quarter. Bank of America Corp DE now owns 35,072 shares of the communications equipment provider's stock valued at $635,000 after purchasing an additional 19,511 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new stake in Aviat Networks during the fourth quarter worth about $505,000. Hedge funds and other institutional investors own 78.62% of the company's stock.

Aviat Networks Trading Up 2.3%

Shares of NASDAQ AVNW traded up $0.51 during midday trading on Wednesday, reaching $22.90. 24,203 shares of the stock were exchanged, compared to its average volume of 122,761. Aviat Networks, Inc. has a twelve month low of $12.95 and a twelve month high of $26.83. The stock has a market capitalization of $291.57 million, a P/E ratio of -114.50 and a beta of 1.59. The company has a 50 day simple moving average of $22.83 and a 200 day simple moving average of $21.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62.

Insider Transactions at Aviat Networks

In other Aviat Networks news, SVP Gary Croke sold 6,742 shares of Aviat Networks stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $22.41, for a total transaction of $151,088.22. Following the completion of the sale, the senior vice president directly owned 45,159 shares in the company, valued at $1,012,013.19. This trade represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Erin Boase sold 5,634 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total transaction of $140,850.00. Following the completion of the transaction, the vice president owned 22,290 shares in the company, valued at approximately $557,250. This represents a 20.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,343 shares of company stock valued at $406,913 over the last three months. Corporate insiders own 4.10% of the company's stock.

Aviat Networks 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.