Aviat Networks, Inc. $AVNW Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC raised its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,258 shares of the communications equipment provider’s stock after acquiring an additional 60,004 shares during the quarter. Aviat Networks makes up 1.7% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 15th biggest position. Pacific Ridge Capital Partners LLC owned 2.89% of Aviat Networks worth $7,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Western Standard LLC raised its stake in Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock valued at $10,567,000 after buying an additional 226,332 shares in the last quarter. Weber Capital Management LLC ADV bought a new stake in Aviat Networks during the fourth quarter valued at $3,099,000. Tectonic Advisors LLC lifted its position in shares of Aviat Networks by 3.9% in the 4th quarter. Tectonic Advisors LLC now owns 48,071 shares of the communications equipment provider’s stock worth $1,028,000 after buying an additional 1,813 shares during the last quarter. Crown Advisors Management Inc. raised its stake in Aviat Networks by 11.1% during the third quarter. Crown Advisors Management Inc. now owns 100,000 shares of the communications equipment provider’s stock worth $2,293,000 after acquiring an additional 10,000 shares during the period. Finally, Acuitas Investments LLC grew its holdings in shares of Aviat Networks by 100.1% during the third quarter. Acuitas Investments LLC now owns 63,377 shares of the communications equipment provider’s stock valued at $1,453,000 after purchasing an additional 31,700 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Wall Street Analysts Forecast Growth

AVNW has been the subject of a number of recent analyst reports. Citizens Jmp decreased their price objective on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. B. Riley Financial reiterated a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Aviat Networks in a report on Wednesday, February 4th. Weiss Ratings cut Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Zacks Research lowered shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

Aviat Networks Price Performance

Shares of AVNW stock opened at $15.86 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. Aviat Networks, Inc. has a 52-week low of $13.92 and a 52-week high of $27.02. The firm’s 50 day moving average price is $22.71 and its two-hundred day moving average price is $22.66. The stock has a market cap of $205.23 million, a PE ratio of 22.99 and a beta of 0.82.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The firm had revenue of $100.00 million for the quarter, compared to the consensus estimate of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. As a group, analysts forecast that Aviat Networks, Inc. will post 1.19 EPS for the current year.

Aviat Networks Profile

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.