ADTRAN Holdings, Inc. (NASDAQ:ADTN) Shares Purchased by Tieton Capital Management LLC

Tieton Capital Management LLC raised its position in ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,192,009 shares of the communications equipment provider's stock after purchasing an additional 229,605 shares during the quarter. ADTRAN accounts for approximately 4.0% of Tieton Capital Management LLC's portfolio, making the stock its 7th largest holding. Tieton Capital Management LLC owned about 1.50% of ADTRAN worth $9,929,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. William Blair Investment Management LLC raised its holdings in ADTRAN by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 4,647,155 shares of the communications equipment provider's stock valued at $38,711,000 after buying an additional 114,986 shares during the period. Geode Capital Management LLC lifted its holdings in shares of ADTRAN by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,810,112 shares of the communications equipment provider's stock valued at $10,736,000 after acquiring an additional 63,960 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in ADTRAN by 39.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 925,310 shares of the communications equipment provider's stock worth $7,708,000 after purchasing an additional 263,156 shares during the period. Barclays PLC increased its holdings in ADTRAN by 11.4% in the 3rd quarter. Barclays PLC now owns 115,741 shares of the communications equipment provider's stock valued at $686,000 after purchasing an additional 11,880 shares in the last quarter. Finally, State Street Corp raised its position in ADTRAN by 2.8% in the third quarter. State Street Corp now owns 1,767,902 shares of the communications equipment provider's stock valued at $10,484,000 after purchasing an additional 48,542 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

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ADTRAN Stock Down 3.5 %

ADTN stock traded down $0.32 during mid-day trading on Friday, hitting $8.90. 621,606 shares of the company were exchanged, compared to its average volume of 906,299. The company has a market capitalization of $710.75 million, a PE ratio of -1.37 and a beta of 1.29. ADTRAN Holdings, Inc. has a twelve month low of $4.34 and a twelve month high of $12.44. The firm has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $8.40. The company has a current ratio of 2.10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADTN. Needham & Company LLC upped their target price on ADTRAN from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Northland Securities increased their price objective on shares of ADTRAN from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of ADTRAN in a research report on Friday, February 28th. Finally, Craig Hallum began coverage on ADTRAN in a report on Wednesday, January 8th. They issued a "buy" rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $13.50.

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.