ADTRAN Holdings, Inc. (NASDAQ:ADTN) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 387,944 shares of the communications equipment provider's stock after purchasing an additional 39,978 shares during the period. Squarepoint Ops LLC owned approximately 0.49% of ADTRAN worth $3,232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ADTN. Aquatic Capital Management LLC lifted its position in shares of ADTRAN by 1,572.5% during the 4th quarter. Aquatic Capital Management LLC now owns 6,690 shares of the communications equipment provider's stock valued at $56,000 after acquiring an additional 6,290 shares during the period. SIH Partners LLLP purchased a new position in ADTRAN in the 4th quarter valued at approximately $107,000. Hsbc Holdings PLC raised its holdings in ADTRAN by 11.4% during the fourth quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after purchasing an additional 1,501 shares during the last quarter. Quantbot Technologies LP raised its holdings in ADTRAN by 104.5% during the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock worth $124,000 after purchasing an additional 7,636 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in ADTRAN during the fourth quarter worth $140,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

ADTRAN Price Performance

ADTN stock traded down $0.12 on Friday, reaching $8.04. The company had a trading volume of 1,332,193 shares, compared to its average volume of 932,053. ADTRAN Holdings, Inc. has a 1 year low of $4.62 and a 1 year high of $12.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.10. The company's fifty day moving average is $7.94 and its 200 day moving average is $8.96. The company has a market cap of $643.02 million, a P/E ratio of -1.24 and a beta of 1.33.

ADTRAN (NASDAQ:ADTN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.05. ADTRAN had a negative return on equity of 38.62% and a negative net margin of 56.95%. During the same period last year, the company posted $0.02 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that ADTRAN Holdings, Inc. will post -0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ADTN shares. Needham & Company LLC dropped their price target on ADTRAN from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Rosenblatt Securities lowered their price objective on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

About ADTRAN

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.