Boothbay Fund Management LLC Has $994,000 Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

Boothbay Fund Management LLC decreased its position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 25.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,876 shares of the communications equipment provider’s stock after selling 19,143 shares during the period. Boothbay Fund Management LLC’s holdings in Aviat Networks were worth $994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tieton Capital Management LLC lifted its stake in shares of 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 last quarter. Hodges Capital Management Inc. raised its holdings in Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock valued at $10,190,000 after buying an additional 97,227 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new stake in shares of Aviat Networks in the fourth quarter worth about $7,483,000. JPMorgan Chase & Co. boosted its stake in shares of Aviat Networks by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock worth $7,875,000 after acquiring an additional 11,094 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in shares of Aviat Networks during the 4th quarter valued at about $6,551,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Analysts Set New Price Targets

AVNW has been the subject of several analyst reports. StockNews.com upgraded 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 price objective (up 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Stock Performance

Shares of NASDAQ AVNW opened at $18.13 on Wednesday. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $34.50. The company has a market cap of $229.96 million, a P/E ratio of -90.65 and a beta of 1.57. The business’s 50 day moving average is $18.80 and its two-hundred day moving average is $18.78. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts expect that Aviat Networks, Inc. will post 0.5 EPS for the current year.

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.