ADTRAN Holdings, Inc. $ADTN Stock Holdings Increased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) by 130.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,156 shares of the communications equipment provider’s stock after acquiring an additional 88,962 shares during the period. GSA Capital Partners LLP’s holdings in ADTRAN were worth $1,366,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ADTN. State of Alaska Department of Revenue bought a new stake in ADTRAN during the 3rd quarter valued at $36,000. Quarry LP bought a new stake in ADTRAN during the 3rd quarter valued at $36,000. ST Germain D J Co. Inc. raised its stake in ADTRAN by 100.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 5,000 shares of the communications equipment provider’s stock valued at $43,000 after acquiring an additional 2,500 shares in the last quarter. Skaana Management L.P. bought a new stake in ADTRAN during the 3rd quarter valued at $99,000. Finally, Stoneridge Investment Partners LLC bought a new stake in ADTRAN during the 3rd quarter valued at $100,000. Institutional investors own 80.56% of the company’s stock.

ADTRAN Stock Down 0.7%

ADTN opened at $14.47 on Thursday. ADTRAN Holdings, Inc. has a one year low of $7.11 and a one year high of $18.69. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.18 and a current ratio of 1.77. The stock’s fifty day moving average is $14.13 and its 200-day moving average is $10.81. The company has a market capitalization of $1.17 billion, a PE ratio of -37.10 and a beta of 1.45.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings data on Tuesday, May 5th. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. ADTRAN had a positive return on equity of 10.94% and a negative net margin of 3.18%.The company had revenue of $286.09 million for the quarter, compared to the consensus estimate of $285.48 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts predict that ADTRAN Holdings, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Evercore assumed coverage on ADTRAN in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Argus raised ADTRAN to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADTRAN in a research note on Thursday, April 2nd. Rosenblatt Securities lifted their target price on ADTRAN from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of ADTRAN in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.00.

ADTRAN Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.