Fort Washington Investment Advisors Inc. OH increased its position in shares of Avaya Holdings Corp (NYSE:AVYA) by 69.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,561,752 shares of the company’s stock after buying an additional 640,076 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Avaya were worth $22,739,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in Avaya during the fourth quarter worth approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Avaya by 24.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,585 shares of the company’s stock valued at $110,000 after buying an additional 1,506 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of Avaya in the third quarter valued at $233,000. Meeder Asset Management Inc. increased its holdings in shares of Avaya by 1,126.6% in the fourth quarter. Meeder Asset Management Inc. now owns 12,450 shares of the company’s stock valued at $181,000 after buying an additional 11,435 shares in the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of Avaya in the second quarter valued at $376,000. 99.68% of the stock is currently owned by hedge funds and other institutional investors.
NYSE AVYA opened at $17.73 on Monday. Avaya Holdings Corp has a 1 year low of $13.96 and a 1 year high of $23.76. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 1.51.
Avaya (NYSE:AVYA) last posted its quarterly earnings results on Tuesday, December 4th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.08. Avaya had a return on equity of 185.96% and a net margin of 114.49%. The company had revenue of $770.00 million for the quarter, compared to analysts’ expectations of $768.00 million. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Avaya Holdings Corp will post 3.55 earnings per share for the current fiscal year.
AVYA has been the topic of several research reports. Zacks Investment Research raised Avaya from a “sell” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, February 5th. Morgan Stanley initiated coverage on Avaya in a report on Monday, January 7th. They issued an “equal weight” rating and a $18.50 price target on the stock. Barclays reaffirmed a “hold” rating and issued a $20.00 price target on shares of Avaya in a report on Wednesday, December 5th. Finally, Goldman Sachs Group initiated coverage on Avaya in a report on Monday, December 17th. They issued a “neutral” rating and a $20.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.58.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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