Bastion Asset Management Inc. Has $2.77 Million Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Key Points

• Bastion Asset Management Inc. reduced its stake in Aviat Networks by 19.5%, now holding 142,087 shares valued at approximately $2.77 million as per the latest SEC filing.
• Several institutional investors have recently made significant moves, with GAMMA Investing LLC increasing its stake by 36.9% in the same quarter.
• The stock of Aviat Networks is currently priced at $23.19, with a market cap of $295.32 million and a debt-to-equity ratio of 0.27.

Bastion Asset Management Inc. reduced its position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 19.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,087 shares of the communications equipment provider's stock after selling 34,396 shares during the period. Bastion Asset Management Inc. owned about 1.12% of Aviat Networks worth $2,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake 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 last quarter. Geode Capital Management LLC boosted its stake in Aviat Networks by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider's stock worth $4,929,000 after purchasing an additional 1,171 shares in the last quarter. Northern Trust Corp increased its stake in shares of Aviat Networks by 1.3% in the fourth quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock valued at $1,831,000 after buying an additional 1,321 shares in the last quarter. Barclays PLC raised its holdings in shares of Aviat Networks by 9.8% in the fourth quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider's stock valued at $316,000 after buying an additional 1,560 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Aviat Networks by 9.0% during the 4th quarter. Invesco Ltd. now owns 19,591 shares of the communications equipment provider's stock worth $355,000 after buying an additional 1,620 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Erin Boase sold 5,634 shares of the company's stock in a transaction 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 transaction, the vice president owned 22,290 shares of the company's stock, valued at $557,250. This represents a 20.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 10,601 shares of company stock valued at $255,825. Insiders own 4.10% of the company's stock.

Aviat Networks Price Performance

AVNW traded up $0.04 during midday trading on Monday, hitting $23.23. The company had a trading volume of 56,151 shares, compared to its average volume of 90,175. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62. The company has a market capitalization of $295.72 million, a PE ratio of -116.15 and a beta of 1.58. Aviat Networks, Inc. has a twelve month low of $12.95 and a twelve month high of $31.74. The firm's 50-day simple moving average is $22.89 and its 200-day simple moving average is $20.73.

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.