Russell Investments Group Ltd. Has $430,000 Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Russell Investments Group Ltd. cut its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 47.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,745 shares of the communications equipment provider's stock after selling 21,221 shares during the period. Russell Investments Group Ltd. owned approximately 0.19% of Aviat Networks worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tieton Capital Management LLC lifted its position in Aviat Networks by 998.2% in the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider's stock worth $11,776,000 after purchasing an additional 591,055 shares during the period. First Wilshire Securities Management Inc. acquired a new stake in Aviat Networks in the fourth quarter worth approximately $7,483,000. First Eagle Investment Management LLC acquired a new stake in Aviat Networks in the fourth quarter worth approximately $3,669,000. Hodges Capital Management Inc. lifted its position in Aviat Networks by 20.9% in the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider's stock worth $10,190,000 after purchasing an additional 97,227 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in Aviat Networks in the fourth quarter worth approximately $1,088,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Performance

Shares of AVNW traded down $0.14 on Tuesday, reaching $17.53. 8,202 shares of the stock traded hands, compared to its average volume of 150,683. The firm has a market cap of $222.30 million, a price-to-earnings ratio of -87.57 and a beta of 1.57. 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 12 month low of $12.96 and a 12 month high of $34.50. The stock's 50-day moving average price is $18.91 and its 200-day moving average price is $18.78.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Equities analysts forecast that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

AVNW has been the subject of a number of recent research reports. Northland Securities reiterated an "outperform" rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.60.

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.