Infinera Co. (NASDAQ:INFN) Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in shares of Infinera Co. (NASDAQ:INFN) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500,000 shares of the communications equipment provider’s stock after buying an additional 126,527 shares during the quarter. Squarepoint Ops LLC owned 0.63% of Infinera worth $9,855,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Infinera by 17.7% during the fourth quarter. SG Americas Securities LLC now owns 96,983 shares of the communications equipment provider’s stock valued at $637,000 after purchasing an additional 14,595 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Infinera during the fourth quarter valued at $2,306,000. Rhumbline Advisers lifted its holdings in shares of Infinera by 1.9% during the fourth quarter. Rhumbline Advisers now owns 292,741 shares of the communications equipment provider’s stock valued at $1,923,000 after purchasing an additional 5,445 shares during the last quarter. Palumbo Wealth Management LLC lifted its holdings in shares of Infinera by 41.5% during the fourth quarter. Palumbo Wealth Management LLC now owns 33,883 shares of the communications equipment provider’s stock valued at $223,000 after purchasing an additional 9,929 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Infinera by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,713,396 shares of the communications equipment provider’s stock valued at $11,257,000 after purchasing an additional 14,588 shares during the last quarter. Institutional investors own 97.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Infinera in a report on Thursday, May 15th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.52.

Infinera Price Performance

Shares of Infinera stock opened at $6.64 on Friday. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $6.63. The company has a market cap of $1.57 billion, a P/E ratio of -13.83 and a beta of 1.63. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98. Infinera Co. has a 1 year low of $4.97 and a 1 year high of $6.92.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). The business had revenue of $414.39 million during the quarter, compared to analysts’ expectations of $409.08 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. As a group, analysts expect that Infinera Co. will post -0.33 EPS for the current fiscal year.

Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.