GAMMA Investing LLC Increases Stock Position in Aviat Networks, Inc. (NASDAQ:AVNW)

GAMMA Investing LLC grew its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 2,524.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,689 shares of the communications equipment provider's stock after acquiring an additional 47,796 shares during the quarter. GAMMA Investing LLC owned about 0.39% of Aviat Networks worth $953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aquatic Capital Management LLC acquired a new position in Aviat Networks during the 4th quarter valued at approximately $106,000. AlphaQuest LLC acquired a new position in shares of Aviat Networks in the 4th quarter valued at $133,000. Quantbot Technologies LP acquired a new stake in Aviat Networks during the 4th quarter worth about $156,000. Truvestments Capital LLC lifted its position 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 worth $194,000 after acquiring an additional 794 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in Aviat Networks during the 4th quarter valued at about $214,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

Aviat Networks Stock Performance

Shares of Aviat Networks stock traded up $0.14 on Friday, reaching $22.63. 38,669 shares of the stock were exchanged, compared to its average volume of 151,786. Aviat Networks, Inc. has a twelve month low of $12.96 and a twelve month high of $31.74. The business has a 50 day moving average price of $20.09 and a two-hundred day moving average price of $19.55. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $288.08 million, a price-to-earnings ratio of -113.35 and a beta of 1.58.

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.