Deprince Race & Zollo Inc. Decreases Position in ADTRAN, Inc. (ADTN)

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Deprince Race & Zollo Inc. trimmed its position in ADTRAN, Inc. (NASDAQ:ADTN) by 29.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,947,969 shares of the communications equipment provider’s stock after selling 826,067 shares during the period. Deprince Race & Zollo Inc. owned 4.09% of ADTRAN worth $20,921,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADTN. Dimensional Fund Advisors LP boosted its stake in ADTRAN by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,537,240 shares of the communications equipment provider’s stock valued at $62,432,000 after acquiring an additional 77,813 shares during the period. Victory Capital Management Inc. boosted its stake in ADTRAN by 2.9% in the third quarter. Victory Capital Management Inc. now owns 3,153,118 shares of the communications equipment provider’s stock valued at $55,652,000 after acquiring an additional 88,790 shares during the period. MetLife Investment Advisors LLC boosted its stake in ADTRAN by 54.6% in the third quarter. MetLife Investment Advisors LLC now owns 37,392 shares of the communications equipment provider’s stock valued at $660,000 after acquiring an additional 13,202 shares during the period. First Trust Advisors LP acquired a new position in ADTRAN in the third quarter valued at approximately $367,000. Finally, Zeke Capital Advisors LLC acquired a new position in ADTRAN in the third quarter valued at approximately $267,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

A number of equities analysts have commented on the company. BidaskClub upgraded ADTRAN from a “hold” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC downgraded ADTRAN from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded ADTRAN from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Zacks Investment Research upgraded ADTRAN from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, January 2nd. Finally, Northland Securities set a $24.00 price objective on ADTRAN and gave the stock a “buy” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. ADTRAN presently has an average rating of “Buy” and a consensus target price of $17.50.

Shares of NASDAQ ADTN opened at $14.65 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.01 and a quick ratio of 2.17. The company has a market cap of $698.07 million, a PE ratio of -31.17, a price-to-earnings-growth ratio of 36.38 and a beta of 0.93. ADTRAN, Inc. has a 12-month low of $10.21 and a 12-month high of $19.30.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings data on Wednesday, January 23rd. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.08). ADTRAN had a negative return on equity of 4.42% and a negative net margin of 3.34%. The business had revenue of $140.09 million for the quarter, compared to analyst estimates of $134.25 million. On average, analysts predict that ADTRAN, Inc. will post 0.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Thursday, February 7th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, February 6th. This represents a $0.36 annualized dividend and a yield of 2.46%. ADTRAN’s payout ratio is -76.60%.

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ADTRAN Company Profile

ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

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Institutional Ownership by Quarter for ADTRAN (NASDAQ:ADTN)

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