WINTON GROUP Ltd Invests $547,000 in Ceragon Networks Ltd. (NASDAQ:CRNT)

WINTON GROUP Ltd acquired a new stake in Ceragon Networks Ltd. (NASDAQ:CRNT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,052 shares of the communications equipment provider’s stock, valued at approximately $547,000. WINTON GROUP Ltd owned 0.14% of Ceragon Networks as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Walleye Capital LLC grew its position in shares of Ceragon Networks by 95.1% in the 3rd quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider’s stock valued at $778,000 after buying an additional 138,411 shares during the last quarter. Inspire Investing LLC bought a new stake in Ceragon Networks in the fourth quarter valued at approximately $903,000. JPMorgan Chase & Co. acquired a new stake in Ceragon Networks during the 3rd quarter valued at approximately $104,000. Perigon Wealth Management LLC acquired a new position in shares of Ceragon Networks in the 4th quarter worth approximately $90,000. Finally, Navellier & Associates Inc. bought a new stake in shares of Ceragon Networks in the 4th quarter valued at $1,804,000. 13.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CRNT. Litchfield Hills Research initiated coverage on shares of Ceragon Networks in a research report on Tuesday, December 3rd. They set a “buy” rating and a $10.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 target price on shares of Ceragon Networks in a report on Wednesday, February 12th. StockNews.com lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, Craig Hallum started coverage on shares of Ceragon Networks in a research note on Thursday, March 13th. They issued a “buy” rating and a $5.00 price target for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $6.38.

Ceragon Networks Trading Down 1.2 %

Ceragon Networks stock opened at $2.39 on Monday. The firm has a market capitalization of $212.33 million, a price-to-earnings ratio of 8.85 and a beta of 1.62. The firm’s fifty day moving average price is $3.45 and its two-hundred day moving average price is $3.48. Ceragon Networks Ltd. has a 1-year low of $2.33 and a 1-year high of $5.73.

About Ceragon Networks

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.