272 Capital LP Has $1.50 Million Position in Aviat Networks, Inc. (NASDAQ:AVNW)

272 Capital LP lessened its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 58.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,138 shares of the communications equipment provider's stock after selling 97,234 shares during the period. 272 Capital LP owned about 0.54% of Aviat Networks worth $1,495,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Aviat Networks in the second quarter worth approximately $29,000. NBC Securities Inc. acquired a new stake in shares of Aviat Networks during the 3rd quarter valued at $62,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aviat Networks during the 3rd quarter valued at $263,000. BNP Paribas Financial Markets increased its stake in shares of Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock worth $308,000 after acquiring an additional 12,306 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Aviat Networks by 298.0% during the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider's stock worth $344,000 after acquiring an additional 11,926 shares in the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

Aviat Networks Stock Performance

AVNW traded up $0.23 on Friday, hitting $18.12. 314,685 shares of the stock traded hands, compared to its average volume of 131,063. The business has a fifty day moving average price of $18.40 and a two-hundred day moving average price of $24.23. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33. Aviat Networks, Inc. has a 52 week low of $12.95 and a 52 week high of $38.85. The firm has a market capitalization of $229.94 million, a PE ratio of -58.26 and a beta of 1.72.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. The firm had revenue of $116.66 million during the quarter. On average, research analysts predict that Aviat Networks, Inc. will post 1.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Pete A. Smith acquired 3,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $14.13 per share, with a total value of $42,390.00. Following the completion of the acquisition, the chief executive officer now owns 298,539 shares in the company, valued at $4,218,356.07. The trade was a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Connaway bought 3,500 shares of the stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the acquisition, the chief financial officer now owns 57,893 shares in the company, valued at $818,028.09. The trade was a 6.43 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 7,400 shares of company stock worth $106,110 over the last quarter. Company insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AVNW shares. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 price target on shares of Aviat Networks in a research note on Tuesday, October 8th. StockNews.com lowered shares of Aviat Networks from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Lake Street Capital reduced their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Roth Mkm reduced their price target on Aviat Networks from $43.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, B. Riley reduced their target price on Aviat Networks from $55.00 to $42.00 and set a "buy" rating for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $38.60.

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.