Aviat Networks, Inc. $AVNW Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. cut its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234,678 shares of the communications equipment provider’s stock after selling 94,935 shares during the period. Hodges Capital Management Inc. owned approximately 1.82% of Aviat Networks worth $5,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AVNW. Quarry LP acquired a new stake in Aviat Networks during the third quarter valued at approximately $27,000. Raymond James Financial Inc. acquired a new stake in Aviat Networks during the second quarter valued at approximately $28,000. Potomac Capital Management Inc. purchased a new stake in shares of Aviat Networks in the 4th quarter valued at approximately $43,000. Comerica Bank lifted its position in shares of Aviat Networks by 40.2% in the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 780 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Aviat Networks by 96.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 1,120 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVNW has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Citizens Jmp reduced their price target on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Zacks Research downgraded shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, Northland Securities restated a “market perform” rating and issued a $20.00 price target on shares of Aviat Networks in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.00.

Aviat Networks Stock Down 2.3%

Aviat Networks stock opened at $18.35 on Thursday. The firm has a market cap of $237.45 million, a PE ratio of 26.59 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. The firm’s 50 day moving average price is $19.27 and its two-hundred day moving average price is $21.72. Aviat Networks, Inc. has a twelve month low of $13.92 and a twelve month high of $27.02.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. On average, research analysts predict that Aviat Networks, Inc. will post 1.18 EPS for the current fiscal year.

About Aviat Networks

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.