SG Americas Securities LLC Increases Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

SG Americas Securities LLC increased its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,218 shares of the communications equipment provider’s stock after acquiring an additional 1,450 shares during the quarter. SG Americas Securities LLC’s holdings in Aviat Networks were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Dallas Securities Inc. purchased a new stake in shares of Aviat Networks in the 3rd quarter worth approximately $1,070,000. First Eagle Investment Management LLC lifted its holdings in Aviat Networks by 9.3% during the third quarter. First Eagle Investment Management LLC now owns 199,160 shares of the communications equipment provider’s stock worth $6,214,000 after buying an additional 16,875 shares during the period. B. Riley Asset Management LLC boosted its position in Aviat Networks by 48.9% during the 3rd quarter. B. Riley Asset Management LLC now owns 156,278 shares of the communications equipment provider’s stock valued at $4,876,000 after acquiring an additional 51,289 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of Aviat Networks in the 3rd quarter valued at $2,140,000. Finally, Wellington Management Group LLP raised its position in shares of Aviat Networks by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 267,334 shares of the communications equipment provider’s stock worth $8,341,000 after acquiring an additional 2,967 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors.

Aviat Networks Trading Up 1.0 %

NASDAQ:AVNW opened at $34.42 on Friday. The company has a market capitalization of $431.87 million, a P/E ratio of 27.10 and a beta of 1.73. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.19. Aviat Networks, Inc. has a 12 month low of $21.15 and a 12 month high of $38.85. The firm has a fifty day simple moving average of $35.23 and a 200-day simple moving average of $32.00.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The company had revenue of $95.04 million during the quarter, compared to analysts’ expectations of $91.85 million. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. On average, equities research analysts anticipate that Aviat Networks, Inc. will post 3.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

AVNW has been the topic of several analyst reports. B. Riley cut their target price on Aviat Networks from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Monday, February 5th. Finally, StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aviat Networks presently has an average rating of “Moderate Buy” and a consensus target price of $54.75.

About Aviat Networks

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.