Susquehanna Advisors Group Inc. Buys New Holdings in ADTRAN Holdings, Inc. (NASDAQ:ADTN)

Susquehanna Advisors Group Inc. acquired a new stake in ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,648 shares of the communications equipment provider's stock, valued at approximately $813,000. Susquehanna Advisors Group Inc. owned 0.12% of ADTRAN as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd boosted its position in ADTRAN by 6.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 22,800 shares of the communications equipment provider's stock worth $190,000 after purchasing an additional 1,300 shares during the period. Hsbc Holdings PLC lifted its holdings in ADTRAN by 11.4% during the 4th quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after purchasing an additional 1,501 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in ADTRAN by 2.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 220,401 shares of the communications equipment provider's stock valued at $1,829,000 after purchasing an additional 5,382 shares during the period. SG Americas Securities LLC increased its position in ADTRAN by 24.7% during the 4th quarter. SG Americas Securities LLC now owns 35,424 shares of the communications equipment provider's stock worth $295,000 after buying an additional 7,011 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of ADTRAN by 104.5% during the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock worth $124,000 after buying an additional 7,636 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ADTN shares. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price objective on shares of ADTRAN in a research note on Friday, February 28th. Needham & Company LLC upped their target price on ADTRAN from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Craig Hallum initiated coverage on ADTRAN in a research note on Wednesday, January 8th. They issued a "buy" rating and a $15.00 price target for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ADTRAN has an average rating of "Buy" and an average price target of $13.50.

ADTRAN Stock Down 3.4 %

Shares of NASDAQ ADTN opened at $7.18 on Tuesday. The company has a market cap of $574.13 million, a price-to-earnings ratio of -1.10 and a beta of 1.46. The company has a current ratio of 2.10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. ADTRAN Holdings, Inc. has a 12 month low of $4.34 and a 12 month high of $12.44. The stock has a 50-day moving average price of $9.18 and a two-hundred day moving average price of $8.68.

ADTRAN Profile

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.

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