WINTON GROUP Ltd Buys Shares of 17,653 Aviat Networks, Inc. (NASDAQ:AVNW)

WINTON GROUP Ltd purchased a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,653 shares of the communications equipment provider’s stock, valued at approximately $320,000. WINTON GROUP Ltd owned approximately 0.14% of Aviat Networks at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tieton Capital Management LLC increased its position in Aviat Networks by 998.2% during the 4th quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock valued at $11,776,000 after buying an additional 591,055 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Aviat Networks during the fourth quarter valued at about $3,669,000. Hodges Capital Management Inc. raised its position in shares of Aviat Networks by 27.3% in the 3rd quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider’s stock valued at $10,068,000 after purchasing an additional 99,948 shares during the last quarter. Franklin Resources Inc. boosted its stake in Aviat Networks by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider’s stock worth $3,853,000 after purchasing an additional 22,665 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Aviat Networks by 69.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,964 shares of the communications equipment provider’s stock worth $851,000 after purchasing an additional 19,306 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Down 2.6 %

AVNW stock opened at $18.88 on Monday. The company has a market capitalization of $239.47 million, a P/E ratio of -94.40 and a beta of 1.67. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $38.85. The firm’s fifty day simple moving average is $20.56 and its 200-day simple moving average is $19.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate 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%. As a group, equities research analysts forecast that Aviat Networks, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AVNW. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Northland Securities restated an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.