Bardin Hill Management Partners LP Makes New Investment in Infinera Co. (NASDAQ:INFN)

Bardin Hill Management Partners LP bought a new stake in Infinera Co. (NASDAQ:INFN - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 233,416 shares of the communications equipment provider's stock, valued at approximately $1,576,000. Infinera comprises 0.7% of Bardin Hill Management Partners LP's holdings, making the stock its 22nd biggest holding. Bardin Hill Management Partners LP owned approximately 0.10% of Infinera at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Boussard & Gavaudan Investment Management LLP lifted its position in shares of Infinera by 3,666.0% during the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 188,298 shares of the communications equipment provider's stock worth $1,253,000 after purchasing an additional 183,298 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Infinera by 33.9% in the third quarter. BNP Paribas Financial Markets now owns 114,994 shares of the communications equipment provider's stock valued at $776,000 after acquiring an additional 29,083 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Infinera in the third quarter worth $40,000. Citigroup Inc. increased its position in Infinera by 2,104.8% during the third quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider's stock worth $19,676,000 after acquiring an additional 2,782,789 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Infinera by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,698,808 shares of the communications equipment provider's stock valued at $11,467,000 after purchasing an additional 39,917 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on INFN shares. JPMorgan Chase & Co. boosted their price objective on shares of Infinera from $5.00 to $6.00 and gave the stock an "underweight" rating in a report on Tuesday, August 6th. B. Riley lowered Infinera from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. StockNews.com upgraded Infinera from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Berenberg Bank raised shares of Infinera to a "hold" rating in a report on Monday, August 5th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $6.65 price objective on shares of Infinera in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Infinera presently has an average rating of "Hold" and an average target price of $7.09.

Infinera Price Performance

Shares of INFN traded up $0.02 on Monday, hitting $6.63. The company's stock had a trading volume of 237,773 shares, compared to its average volume of 4,767,482. Infinera Co. has a fifty-two week low of $4.09 and a fifty-two week high of $6.92. The company has a market capitalization of $1.57 billion, a PE ratio of -13.77 and a beta of 1.71. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $6.15.

Infinera (NASDAQ:INFN - Get Free Report) last released its earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.07). The business had revenue of $354.40 million for the quarter, compared to analyst estimates of $401.96 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. On average, research analysts anticipate that Infinera Co. will post -0.25 earnings per share for the current fiscal year.

Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.