FNY Investment Advisers LLC Invests $170,000 in Aviat Networks, Inc. $AVNW

FNY Investment Advisers LLC acquired a new position in Aviat Networks, Inc. (NASDAQ:AVNW) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 7,070 shares of the communications equipment provider’s stock, valued at approximately $170,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Aviat Networks by 36.9% in the 1st quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 699 shares in the last quarter. Pacific Ridge Capital Partners LLC bought a new position in shares of Aviat Networks in the 1st quarter worth about $3,120,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks in the 1st quarter worth about $632,000. US Bancorp DE bought a new position in shares of Aviat Networks in the 1st quarter worth about $82,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Aviat Networks in the 1st quarter worth about $425,000. 78.62% of the stock is owned by institutional investors.

Aviat Networks Stock Performance

Shares of Aviat Networks stock opened at $23.10 on Thursday. Aviat Networks, Inc. has a one year low of $12.95 and a one year high of $26.83. The firm has a market capitalization of $295.68 million, a price-to-earnings ratio of 288.79 and a beta of 1.61. The business has a 50-day simple moving average of $22.81 and a 200 day simple moving average of $21.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.64 and a quick ratio of 1.35.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Thursday, December 7th. The communications equipment provider reported $0.75 EPS for the quarter. The business had revenue of $81.25 million during the quarter. Aviat Networks had a return on equity of 5.77% and a net margin of 0.31%. On average, research analysts anticipate that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Aviat Networks in a research report on Tuesday, October 14th. Wall Street Zen raised Aviat Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Buying and Selling

In other Aviat Networks news, SVP Gary Croke sold 6,742 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $22.41, for a total transaction of $151,088.22. Following the completion of the sale, the senior vice president directly owned 45,159 shares of the company’s stock, valued at approximately $1,012,013.19. The trade was a 12.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

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.