Punch & Associates Investment Management Inc. Has $4.11 Million Stake in Aviat Networks, Inc. $AVNW

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in Aviat Networks, Inc. by 46.2%, now owning approximately 1.69% of the company's shares, valued at $4.1 million.
• Aviat Networks stock has declined by 0.4% recently, opening at $22.35, with a 1-year range between $12.95 and $26.83.
• Insider transactions included SVP Gary Croke selling 6,742 shares, reflecting a 12.99% decrease in ownership, and a total of 17,343 shares sold by insiders in the last 90 days.

Punch & Associates Investment Management Inc. lessened its holdings in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 46.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,619 shares of the communications equipment provider's stock after selling 184,258 shares during the quarter. Punch & Associates Investment Management Inc. owned 1.69% of Aviat Networks worth $4,114,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Aviat Networks by 36.9% in the first quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock valued at $50,000 after acquiring an additional 699 shares during the period. Comerica Bank boosted its position in shares of Aviat Networks by 40.2% in the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock valued at $52,000 after acquiring an additional 780 shares during the period. US Bancorp DE bought a new stake in shares of Aviat Networks in the first quarter valued at about $82,000. Graham Capital Management L.P. bought a new stake in shares of Aviat Networks in the fourth quarter valued at about $214,000. Finally, NBC Securities Inc. bought a new stake in shares of Aviat Networks in the first quarter valued at about $274,000. Institutional investors own 78.62% of the company's stock.

Insider Transactions at Aviat Networks

In related news, VP Erin Boase sold 5,634 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total value of $140,850.00. Following the completion of the transaction, the vice president owned 22,290 shares of the company's stock, valued at $557,250. The trade was a 20.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gary Croke sold 6,742 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $22.41, for a total value of $151,088.22. Following the completion of the transaction, the senior vice president directly owned 45,159 shares of the company's stock, valued at approximately $1,012,013.19. This trade represents a 12.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,343 shares of company stock valued at $406,913. 4.10% of the stock is owned by insiders.

Aviat Networks Stock Performance

Shares of Aviat Networks stock traded down $1.04 during trading on Friday, reaching $24.53. The company's stock had a trading volume of 80,197 shares, compared to its average volume of 124,885. The firm has a market cap of $312.27 million, a PE ratio of 306.66 and a beta of 1.59. The business's 50-day moving average price is $22.81 and its 200-day moving average price is $21.07. Aviat Networks, Inc. has a 52 week low of $12.95 and a 52 week high of $26.83. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.27.

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.