Cwm LLC Sells 6,295 Shares of ADTRAN Holdings, Inc. $ADTN

Cwm LLC decreased its stake in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) by 47.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,065 shares of the communications equipment provider’s stock after selling 6,295 shares during the quarter. Cwm LLC’s holdings in ADTRAN were worth $63,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of ADTRAN by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,767 shares of the communications equipment provider’s stock worth $408,000 after purchasing an additional 1,946 shares during the period. Inspire Investing LLC boosted its position in shares of ADTRAN by 9.8% during the 2nd quarter. Inspire Investing LLC now owns 43,766 shares of the communications equipment provider’s stock valued at $393,000 after acquiring an additional 3,921 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of ADTRAN during the 2nd quarter valued at about $91,000. Ballentine Partners LLC acquired a new stake in shares of ADTRAN during the 1st quarter valued at about $94,000. Finally, Financial Engines Advisors L.L.C. acquired a new stake in shares of ADTRAN during the 1st quarter valued at about $106,000. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ADTN shares. Wolfe Research started coverage on shares of ADTRAN in a research report on Monday, July 7th. They set a “peer perform” rating on the stock. Wall Street Zen lowered shares of ADTRAN from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. B. Riley started coverage on shares of ADTRAN in a research report on Thursday, September 18th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ADTRAN in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.80.

ADTRAN Trading Up 0.1%

Shares of NASDAQ ADTN opened at $10.43 on Tuesday. ADTRAN Holdings, Inc. has a 1-year low of $6.02 and a 1-year high of $12.44. The company has a market cap of $834.17 million, a PE ratio of -7.96 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.19 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $9.54 and a two-hundred day moving average of $8.87.

ADTRAN (NASDAQ:ADTN) last announced its earnings results on Friday, March 15th. The communications equipment provider reported $0.89 earnings per share for the quarter. ADTRAN had a negative net margin of 11.02% and a negative return on equity of 10.09%. The company had revenue of $358.27 million during the quarter. As a group, equities analysts expect that ADTRAN Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

ADTRAN Company 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.