Aviat Networks, Inc. (NASDAQ:AVNW) Stake Boosted by Tieton Capital Management LLC

Tieton Capital Management LLC boosted its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 998.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,270 shares of the communications equipment provider's stock after purchasing an additional 591,055 shares during the quarter. Aviat Networks comprises 4.7% of Tieton Capital Management LLC's holdings, making the stock its 5th largest holding. Tieton Capital Management LLC owned 5.13% of Aviat Networks worth $11,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVNW. Truvestments Capital LLC increased its position in shares of Aviat Networks by 8.0% during the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after purchasing an additional 794 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Aviat Networks by 1.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider's stock valued at $2,148,000 after buying an additional 1,100 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Aviat Networks in the fourth quarter valued at about $34,000. American Century Companies Inc. boosted its holdings in Aviat Networks by 12.0% in the fourth quarter. American Century Companies Inc. now owns 22,845 shares of the communications equipment provider's stock worth $414,000 after acquiring an additional 2,440 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider's stock worth $5,141,000 after acquiring an additional 3,855 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company's stock.

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Aviat Networks Price Performance

Shares of Aviat Networks stock traded down $0.51 on Friday, reaching $18.88. The company's stock had a trading volume of 83,291 shares, compared to its average volume of 148,848. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $38.85. The company has a market capitalization of $239.47 million, a P/E ratio of -94.40 and a beta of 1.67. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $20.56 and a 200-day moving average price of $19.53.

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, topping analysts' consensus estimates 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%. Analysts expect that Aviat Networks, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

AVNW has been the subject of a number of research analyst reports. StockNews.com raised shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities reiterated an "outperform" rating and issued a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, 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.