Aviat Networks, Inc. (NASDAQ:AVNW) is Tieton Capital Management LLC’s 5th Largest Position

Tieton Capital Management LLC increased its stake in Aviat Networks, Inc. (NASDAQ:AVNW) by 998.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 650,270 shares of the communications equipment provider’s stock after buying an additional 591,055 shares during the quarter. Aviat Networks makes up about 4.7% of Tieton Capital Management LLC’s portfolio, making the stock its 5th largest position. Tieton Capital Management LLC owned about 0.05% of Aviat Networks worth $11,776,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Aviat Networks in the fourth quarter valued at $34,000. AlphaQuest LLC purchased a new position in shares of Aviat Networks in the fourth quarter valued at $133,000. Quantbot Technologies LP purchased a new position in shares of Aviat Networks in the fourth quarter valued at $156,000. Truvestments Capital LLC grew its position in shares of Aviat Networks by 8.0% in the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 794 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Aviat Networks in the third quarter valued at $263,000. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Northland Securities reissued an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.60.

Aviat Networks Trading Down 1.0 %

Shares of AVNW stock opened at $19.65 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $20.49 and a two-hundred day moving average price of $19.65. Aviat Networks, Inc. has a 12-month low of $12.96 and a 12-month high of $38.85. The firm has a market cap of $249.24 million, a P/E ratio of -98.25 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Equities analysts anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

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.