Bank of America Corp DE Has $635,000 Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Bank of America Corp DE increased its stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 125.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,072 shares of the communications equipment provider's stock after acquiring an additional 19,511 shares during the quarter. Bank of America Corp DE owned approximately 0.28% of Aviat Networks worth $635,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Ancora Advisors LLC raised its holdings in shares of Aviat Networks by 19.9% during the fourth quarter. Ancora Advisors LLC now owns 81,827 shares of the communications equipment provider's stock valued at $1,482,000 after acquiring an additional 13,562 shares during the period. Northern Trust Corp raised its stake in 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 purchasing an additional 1,321 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Aviat Networks in the fourth quarter valued at $106,000. Voya Investment Management LLC lifted its holdings in shares of Aviat Networks by 22.6% in the fourth quarter. Voya Investment Management LLC now owns 18,817 shares of the communications equipment provider's stock valued at $341,000 after purchasing an additional 3,473 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Aviat Networks by 475.9% in the fourth quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider's stock worth $4,166,000 after buying an additional 190,074 shares during the period. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Down 4.0%

Aviat Networks stock traded down $0.91 during mid-day trading on Friday, hitting $22.02. The company's stock had a trading volume of 134,810 shares, compared to its average volume of 151,037. The firm's 50 day moving average is $19.55 and its 200 day moving average is $19.32. The company has a market cap of $279.48 million, a PE ratio of -110.09 and a beta of 1.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $31.74.

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.