Watershed Asset Management L.L.C. Buys 841 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Watershed Asset Management L.L.C. lifted its stake in Aviat Networks, Inc. (NASDAQ:AVNW) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,346 shares of the communications equipment provider’s stock after purchasing an additional 841 shares during the period. Watershed Asset Management L.L.C.’s holdings in Aviat Networks were worth $305,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC lifted its holdings in Aviat Networks by 4.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 17,016 shares of the communications equipment provider’s stock worth $531,000 after buying an additional 709 shares during the period. LVZ Inc. raised its position in shares of Aviat Networks by 11.2% in the 4th quarter. LVZ Inc. now owns 8,268 shares of the communications equipment provider’s stock worth $270,000 after acquiring an additional 834 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Aviat Networks in the 3rd quarter valued at approximately $31,000. SG Americas Securities LLC boosted its position in shares of Aviat Networks by 30.4% during the fourth quarter. SG Americas Securities LLC now owns 6,218 shares of the communications equipment provider’s stock valued at $203,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in Aviat Networks by 6.5% in the third quarter. Tectonic Advisors LLC now owns 34,176 shares of the communications equipment provider’s stock worth $1,066,000 after purchasing an additional 2,082 shares during the period. Institutional investors own 78.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. B. Riley lowered their price target on shares of Aviat Networks from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Aviat Networks has a consensus rating of “Moderate Buy” and a consensus price target of $54.75.

Aviat Networks Stock Up 1.0 %

Shares of NASDAQ AVNW traded up $0.32 during trading on Tuesday, reaching $33.18. The company had a trading volume of 58,249 shares, compared to its average volume of 107,237. Aviat Networks, Inc. has a 12-month low of $21.15 and a 12-month high of $38.85. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average is $35.27 and its 200 day moving average is $32.13. The stock has a market cap of $416.41 million, a PE ratio of 26.13 and a beta of 1.73.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $95.04 million for the quarter, compared to the consensus estimate of $91.85 million. Aviat Networks had a net margin of 4.23% and a return on equity of 15.11%. As a group, equities analysts forecast that Aviat Networks, Inc. will post 3.01 earnings per share for the current fiscal year.

Aviat Networks Company 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.