Bridgeway Capital Management LLC Purchases New Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Bridgeway Capital Management LLC purchased a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,900 shares of the communications equipment provider’s stock, valued at approximately $505,000. Bridgeway Capital Management LLC owned 0.22% of Aviat Networks at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Tieton Capital Management LLC raised its position in Aviat Networks by 998.2% during the fourth 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 during the period. Hodges Capital Management Inc. raised its position 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 during the period. First Wilshire Securities Management Inc. purchased a new position in Aviat Networks in the fourth quarter valued at about $7,483,000. JPMorgan Chase & Co. grew its stake in Aviat Networks by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock valued at $7,875,000 after purchasing an additional 11,094 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in Aviat Networks in the fourth quarter valued at about $6,551,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on AVNW shares. 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. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.60.

Aviat Networks Stock Performance

AVNW opened at $20.63 on Monday. The company has a market cap of $261.84 million, a PE ratio of -103.14 and a beta of 1.67. The stock has a 50-day moving average of $18.53 and a 200-day moving average of $18.59. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $31.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68.

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.