Susquehanna Fundamental Investments LLC Takes $997,000 Position in ADTRAN Holdings, Inc. (NASDAQ:ADTN)

Susquehanna Fundamental Investments LLC bought a new stake in ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 119,708 shares of the communications equipment provider's stock, valued at approximately $997,000. Susquehanna Fundamental Investments LLC owned approximately 0.15% of ADTRAN as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of ADTRAN by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,592,419 shares of the communications equipment provider's stock worth $54,915,000 after purchasing an additional 41,478 shares in the last quarter. DnB Asset Management AS raised its position in shares of ADTRAN by 3.8% during the 4th quarter. DnB Asset Management AS now owns 5,022,392 shares of the communications equipment provider's stock worth $41,837,000 after acquiring an additional 184,627 shares in the last quarter. William Blair Investment Management LLC lifted its stake in ADTRAN by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 4,647,155 shares of the communications equipment provider's stock worth $38,711,000 after purchasing an additional 114,986 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in ADTRAN by 24.5% in the fourth quarter. First Eagle Investment Management LLC now owns 1,246,807 shares of the communications equipment provider's stock valued at $10,386,000 after purchasing an additional 245,000 shares in the last quarter. Finally, Tieton Capital Management LLC increased its stake in ADTRAN by 23.9% in the fourth quarter. Tieton Capital Management LLC now owns 1,192,009 shares of the communications equipment provider's stock valued at $9,929,000 after purchasing an additional 229,605 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADTN. Rosenblatt Securities lowered their target price on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC raised their price objective on ADTRAN from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Craig Hallum initiated coverage on ADTRAN in a report on Wednesday, January 8th. They issued a "buy" rating and a $15.00 target price 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $12.50.

ADTRAN Price Performance

NASDAQ:ADTN traded down $0.08 during trading hours on Wednesday, hitting $7.67. The company's stock had a trading volume of 224,089 shares, compared to its average volume of 934,329. The company has a market capitalization of $613.31 million, a PE ratio of -1.17 and a beta of 1.33. ADTRAN Holdings, Inc. has a 52-week low of $4.62 and a 52-week high of $12.44. The business's 50-day moving average is $8.42 and its two-hundred day moving average is $8.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.10.

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.