First Eagle Investment Management LLC Buys Shares of 202,583 Aviat Networks, Inc. (NASDAQ:AVNW)

First Eagle Investment Management LLC acquired a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 202,583 shares of the communications equipment provider's stock, valued at approximately $3,669,000. First Eagle Investment Management LLC owned approximately 1.60% of Aviat Networks as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP increased its holdings in shares of Aviat Networks by 183.9% during the 3rd quarter. GSA Capital Partners LLP now owns 19,826 shares of the communications equipment provider's stock worth $429,000 after acquiring an additional 12,843 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider's stock worth $15,063,000 after acquiring an additional 54,339 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Aviat Networks during the 3rd quarter worth approximately $598,000. Tieton Capital Management LLC acquired a new position in shares of Aviat Networks during the 3rd quarter worth approximately $1,281,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Aviat Networks during the 3rd quarter worth approximately $263,000. Institutional investors own 78.62% of the company's stock.

Aviat Networks Price Performance

Shares of AVNW traded down $0.10 during trading hours on Thursday, hitting $19.85. 69,258 shares of the company were exchanged, compared to its average volume of 146,754. The company has a market cap of $251.78 million, a price-to-earnings ratio of -99.25 and a beta of 1.67. Aviat Networks, Inc. has a fifty-two week low of $12.96 and a fifty-two week high of $38.85. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The firm's fifty day moving average is $20.44 and its 200 day moving average is $19.80.

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Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities analysts anticipate that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AVNW. StockNews.com raised Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities reaffirmed an "outperform" rating and issued a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $37.60.

Aviat Networks Company 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.