WINTON GROUP Ltd Invests $320,000 in Aviat Networks, Inc. (NASDAQ:AVNW)

WINTON GROUP Ltd acquired a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,653 shares of the communications equipment provider's stock, valued at approximately $320,000. WINTON GROUP Ltd owned about 0.14% of Aviat Networks at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in Aviat Networks in the fourth quarter valued at $34,000. AlphaQuest LLC purchased a new stake in shares of Aviat Networks in the 4th quarter worth about $133,000. Quantbot Technologies LP bought a new stake in shares of Aviat Networks during the 4th quarter valued at about $156,000. 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 valued at $194,000 after buying an additional 794 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Aviat Networks in the third quarter worth about $263,000. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Aviat Networks Stock Down 4.4 %

AVNW traded down $0.78 during midday trading on Friday, reaching $16.87. The company's stock had a trading volume of 188,387 shares, compared to its average volume of 149,631. The stock's 50-day moving average is $20.46 and its 200-day moving average is $19.39. Aviat Networks, Inc. has a 1 year low of $12.96 and a 1 year high of $35.72. The firm has a market capitalization of $213.98 million, a price-to-earnings ratio of -84.35 and a beta of 1.57. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVNW. Northland Securities reaffirmed an "outperform" rating and set a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, Aviat Networks has a consensus rating of "Moderate Buy" and a consensus price target of $37.60.

About Aviat Networks

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.