97,648 Shares in ADTRAN Holdings, Inc. (NASDAQ:ADTN) Acquired by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. acquired a new stake in ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 97,648 shares of the communications equipment provider's stock, valued at approximately $813,000. Susquehanna Advisors Group Inc. owned approximately 0.12% of ADTRAN as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ADTN. Hsbc Holdings PLC boosted its holdings in shares of ADTRAN by 11.4% in the 4th quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after acquiring an additional 1,501 shares in the last quarter. SIH Partners LLLP bought a new position in ADTRAN in the 4th quarter worth approximately $107,000. MetLife Investment Management LLC raised its position in ADTRAN by 27.1% in the 4th quarter. MetLife Investment Management LLC now owns 46,838 shares of the communications equipment provider's stock worth $390,000 after purchasing an additional 9,997 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ADTRAN by 42.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 623,935 shares of the communications equipment provider's stock worth $5,197,000 after purchasing an additional 186,074 shares during the last quarter. Finally, 1492 Capital Management LLC bought a new position in ADTRAN in the 4th quarter worth approximately $3,033,000. Institutional investors and hedge funds own 80.56% of the company's stock.

ADTRAN Stock Up 1.4 %

NASDAQ ADTN traded up $0.11 on Friday, reaching $7.82. The company had a trading volume of 423,325 shares, compared to its average volume of 931,894. The firm has a market capitalization of $625.30 million, a price-to-earnings ratio of -1.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.10. ADTRAN Holdings, Inc. has a 1-year low of $4.34 and a 1-year high of $12.44. The company's fifty day moving average is $8.86 and its 200-day moving average is $8.73.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADTN shares. Rosenblatt Securities dropped their price objective on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC upped their price objective on shares of ADTRAN from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Craig Hallum assumed coverage on shares of ADTRAN in a research report on Wednesday, January 8th. They issued a "buy" rating and a $15.00 price objective for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $12.50.

ADTRAN Profile

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.