Aristides Capital LLC Has $2.79 Million Stock Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Aristides Capital LLC raised its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,102 shares of the communications equipment provider’s stock after buying an additional 16,630 shares during the quarter. Aviat Networks comprises 0.6% of Aristides Capital LLC’s investment portfolio, making the stock its 25th largest holding. Aristides Capital LLC owned approximately 1.22% of Aviat Networks worth $2,791,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Tieton Capital Management LLC boosted its holdings in Aviat Networks by 998.2% in 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 purchasing an additional 591,055 shares during the period. First Wilshire Securities Management Inc. bought a new stake in shares of Aviat Networks in the fourth quarter valued at about $7,483,000. First Eagle Investment Management LLC acquired a new stake in Aviat Networks during the fourth quarter worth about $3,669,000. Hodges Capital Management Inc. increased its stake in Aviat Networks by 27.3% during the third quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider’s stock valued at $10,068,000 after acquiring an additional 99,948 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Aviat Networks in the 4th quarter worth approximately $1,088,000. 78.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AVNW shares. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Northland Securities restated an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aviat Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Price Performance

Shares of AVNW stock opened at $16.87 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. The stock’s fifty day simple moving average is $20.46 and its 200 day simple moving average is $19.37. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $35.56. The firm has a market cap of $213.98 million, a price-to-earnings ratio of -84.35 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW) last posted its 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 negative net margin of 0.56% and a positive return on equity of 4.33%. On average, analysts expect that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

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.