Los Angeles Capital Management LLC Has $402,000 Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Los Angeles Capital Management LLC lowered its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,594 shares of the communications equipment provider’s stock after selling 2,600 shares during the quarter. Los Angeles Capital Management LLC owned 0.15% of Aviat Networks worth $402,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Aviat Networks by 84.8% during the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock worth $210,000 after acquiring an additional 2,513 shares during the last quarter. Vanguard Group Inc. boosted its position in Aviat Networks by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after acquiring an additional 11,662 shares during the last quarter. Truvestments Capital LLC boosted its position in Aviat Networks by 26.2% during the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after acquiring an additional 2,213 shares during the last quarter. Aristides Capital LLC boosted its position in Aviat Networks by 12.2% during the 1st quarter. Aristides Capital LLC now owns 137,472 shares of the communications equipment provider’s stock worth $5,271,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in Aviat Networks by 21.0% during the 1st quarter. Ancora Advisors LLC now owns 48,553 shares of the communications equipment provider’s stock worth $1,862,000 after acquiring an additional 8,425 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Stock Down 0.9 %

AVNW opened at $13.79 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33. The stock has a market cap of $175.00 million, a PE ratio of -44.48 and a beta of 1.81. The stock’s fifty day simple moving average is $20.62 and its 200 day simple moving average is $26.08. Aviat Networks, Inc. has a 1-year low of $12.95 and a 1-year high of $38.85.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. The firm had revenue of $116.66 million for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. As a group, research analysts expect that Aviat Networks, Inc. will post 1.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Michael Connaway purchased 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now owns 57,893 shares of the company’s stock, valued at approximately $818,028.09. This trade represents a 6.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Pete A. Smith purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $14.13 per share, for a total transaction of $42,390.00. Following the transaction, the chief executive officer now directly owns 298,539 shares of the company’s stock, valued at $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

AVNW has been the subject of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. B. Riley cut their price objective on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th. StockNews.com downgraded Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Northland Securities cut their price objective on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Finally, Lake Street Capital cut their price objective on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

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.