LSV Asset Management Sells 29,615 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

LSV Asset Management decreased its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,125 shares of the communications equipment provider's stock after selling 29,615 shares during the period. LSV Asset Management owned approximately 1.29% of Aviat Networks worth $2,954,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AVNW. GAMMA Investing LLC purchased a new stake in Aviat Networks during the fourth quarter worth about $34,000. AlphaQuest LLC acquired a new stake in shares of Aviat Networks during the 4th quarter valued at approximately $133,000. Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the 4th quarter worth approximately $156,000. Truvestments Capital LLC grew its holdings in shares of Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after acquiring an additional 794 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock valued at $308,000 after purchasing an additional 12,306 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Price Performance

Shares of AVNW stock traded up $0.26 during trading hours on Friday, hitting $17.22. 67,117 shares of the company's stock were exchanged, compared to its average volume of 151,146. The stock's 50-day moving average is $19.48 and its 200-day moving average is $18.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $34.50. The stock has a market cap of $218.42 million, a price-to-earnings ratio of -86.10 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. As a group, research analysts forecast that Aviat Networks, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AVNW. Northland Securities reissued an "outperform" rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.60.

Aviat Networks 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.