117,052 Shares in Ceragon Networks Ltd. (NASDAQ:CRNT) Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 117,052 shares of the communications equipment provider's stock, valued at approximately $547,000. WINTON GROUP Ltd owned about 0.14% of Ceragon Networks as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in shares of Ceragon Networks in the 4th quarter valued at about $58,000. Bravias Capital Group LLC purchased a new position in shares of Ceragon Networks during the fourth quarter worth approximately $71,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Ceragon Networks in the 4th quarter valued at $81,000. Perigon Wealth Management LLC purchased a new stake in Ceragon Networks in the 4th quarter valued at $90,000. Finally, LPL Financial LLC acquired a new stake in Ceragon Networks during the 4th quarter worth $109,000. Institutional investors and hedge funds own 13.31% of the company's stock.

Wall Street Analyst Weigh In

CRNT has been the topic of a number of recent research reports. StockNews.com lowered shares of Ceragon Networks from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Needham & Company LLC restated a "buy" rating and issued a $6.00 price target on shares of Ceragon Networks in a research report on Wednesday, February 12th. Finally, Craig Hallum started coverage on Ceragon Networks in a research report on Thursday, March 13th. They set a "buy" rating and a $5.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $6.38.

Ceragon Networks Trading Down 5.0 %

Shares of NASDAQ:CRNT traded down $0.11 during midday trading on Friday, hitting $2.10. The stock had a trading volume of 1,312,594 shares, compared to its average volume of 1,024,261. Ceragon Networks Ltd. has a 1 year low of $2.03 and a 1 year high of $5.73. The stock has a 50 day moving average price of $3.20 and a two-hundred day moving average price of $3.46. The company has a market capitalization of $186.56 million, a PE ratio of 7.78 and a beta of 1.60.

Ceragon Networks Profile

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.